China: West China Cement’s preliminary results indicate a profit drop of 40 – 45% year-on-year in the first half of 2022 to US$85.6 – 93.4m from US$156m. The group said that its finance costs rose by US$10.8m, while its foreign exchange gains were just US$4.05m in the half, compared to US$51.2m in the first half of 2021.
West China Cement issues profit warning for first half of 2022
URL: https://globalcement.com/news/item/14518-west-china-cement-issues-profit-warning-for-first-half-of-2022
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