China: Tangshan Jidong Cement has reported its earnings for the full year ending 31 December 2023. The company's sales fell to US$3.9bn from US$4.8bn, an 18% year-on-year decrease. It recorded a net loss of US$207m, compared to a net income of US$194m a year earlier.
Although managing to grow its cement sales volumes, the company reported heightened competition in the north and north-east of China where most of its plants are located.
