China: Jiangxi Wannianqing Cement’s net profit in 2019 was US$197m, representing a 20% year-on-year increase from US$164m. Reuters has reported that on 15 November 2019 Jiangxi Wannianqing Cement paid US$82.6m for a lease and limestone exploration rights for land in De’an County, Jiangxi Province, previously held by Fushan Cement. On 25 June 2019 the company received US$23.3m in government compensation for the relocation of its Wannian cement plant.
Jiangxi Wannianqing’s profit rises by 20% year-on-year in 2019
URL: https://globalcement.com/news/item/10643-jiangxi-wannianqing-s-profit-rises-by-20-year-on-year-in-2019
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