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.
China Tianrui Group expects 30 - 40% profit drop in 2021
URL: https://globalcement.com/news/item/13804-china-tianrui-group-expects-30-40-profit-drop-in-2021
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