China: Huaxin Cement has announced a predicted profit drop of 46% year-on-year in the first quarter of 2020, to US$100m from US$188m in the corresponding three months of 2019. Huaxin Cement said, “During the reporting period, the company's performance declined significantly, mainly due to the impact of the coronavirus epidemic, which caused sales to fall by 36%.”
Huaxin Cement predicts 46% year-on-year first quarter profit drop in 2020
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