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News China Resources Cement’s turnover falls 21.5% to US$3.08bn so far in 2022

China Resources Cement’s turnover falls 21.5% to US$3.08bn so far in 2022

Written by Global Cement staff 26 October 2022
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China: China Resources Cement’s turnover fell by 21.5% year-on-year to US$3.08bn in the first nine months of 2022 from US$3.93bn in the same period in 2021. Its profit dropped by 65% to US$234m from US$677m. Cement and concrete sales volumes decreased by 17% to 52.5Mt and 26% to 8.04Mm3, although clinker sales volumes grew slightly. Sales by geographical region fell in all provinces, with the exception of Hunan. The company blamed falling profits on production costs and falling sales.

Last modified on 26 October 2022
Published in Global Cement News
Tagged under
  • China
  • China Resources Cement
  • Hunan
  • concrete
  • Clinker
  • GCW580
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