Tianrui Cement grows sales due to price hike

Print this page

China: Tianrui Cement sales revenue rose by 19.5% year-on-year to US$1.5bn in 2018 from US$1.25bn in 2017. It attributed the growth to a 15% increase in the price of cement. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 15.3% to US$573m from US$497m. Its sales volumes of cement remained stable at 29.4Mt compared to 29.3Mt in 2017.

Last modified on 20 March 2019

URL: https://globalcement.com/news/item/8973-tianrui-cement-grows-sales-due-to-price-hike

© 2019 Pro Global Media Ltd. All rights reserved.