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News West China follows upward profitability trend

West China follows upward profitability trend

Written by Global Cement staff 26 August 2020
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China: West China Cement has announced that its profit attributable to owners of the company was US$108.8m in the six months to 30 June 2020, a year-on-year decrease of 5.2%. The improvement in profit came despite a 9.1% fall in revenue to US$440m. This trend follows a number of other Chinese producers that have seen markedly increased profitability in 2020 on the back of the Chinese government’s supply side reforms.

Last modified on 26 August 2020
Published in Global Cement News
Tagged under
  • GCW470
  • China
  • West China Cement
  • Results

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