China: Tangshan Jidong Cement reported a net profit of US$29.1m in 2012, a drop of 88.2% year-on-year according to a company statement. Operating revenue fell by 7.1% year-on-year to US$2.36bn. Jidong Cement plans to increase its production of cement by 20% in 2013 to 72Mt.
Jidong Cement profit tumbles by 88% to US$29m in 2012
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