Henan Tongli expects up to 99.6% profit slide

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China: Following a recent trend for declining profits in the Chinese cement sector, Henan Tongli Cement Co Ltd has announced that it expects to record a poor performance for the first quarter of 2013. It says that its net profit will drop by 88.5-99.6% year-on-year to between US$16,100 and US$484,000 in the first quarter of 2013.

Last modified on 10 April 2013

URL: https://globalcement.com/news/item/1578-henan-tongli-expects-up-to-996-profit-slide

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