China: China Resources Cement’s (CRC) turnover fell by 18% year-on-year to US$889m in the first quarter of 2022 from US$1.08bn in the same period in 2021. Its sales volumes of cement, clinker and concrete decreased by 34%, 12% and 23% respectively to 12.2Mt, 0.78Mt and 2.22Mm3 respectively. Its profit dropped by 43% to US$92.9m from US$164m.
