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News China Tianrui Group expects 30 - 40% profit drop in 2021

China Tianrui Group expects 30 - 40% profit drop in 2021

Written by Global Cement staff 09 March 2022
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China: China Tianrui Group has forecast its full-year profit and total comprehensive income as US$187m - 218m in 2021. This corresponds to a 30 - 40% year-on-year decline from its US$312m profit and comprehensive income in 2020. The company attributed the expected decrease to a year-on-year rise in coal prices and decline in cement prices, the latter due to flooding-related demand disruptions in Henan Province.

Published in Global Cement News
Tagged under
  • China
  • China Tianrui
  • Forecast
  • GCW547
  • Results
  • Henan
  • Flood
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