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News Dongwu Cement issues profit warning

Dongwu Cement issues profit warning

Written by Global Cement staff 27 July 2020
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China: Dongwu Cement has predicted a net profit of US$1.71m in the first half of 2020, down by 62% year-on-year from US$4.56m in the first half of 2019. Company chairman Liu Dong said the expected decrease was “primarily attributable to a decline in sales volume and sales price of the group’s products resulting from the outbreak of the coronavirus pandemic during the period.”

Last modified on 29 July 2020
Published in Global Cement News
Tagged under
  • China
  • Dongwu Cement
  • Results
  • coronavirus
  • Forecast
  • warning
  • GCW466

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