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News CRC results take a hit amid Chinese contraction

CRC results take a hit amid Chinese contraction

Written by Global Cement staff 12 August 2019
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China: China Resources Cement (CRC) has reported lower net profits for the six months that ended on 30 June 2019, largely on falling sales of cement, clinker and concrete amid a slowing Chinese economy. Its net profit was US$481m, compared with US$510m in the first half of 2018. Revenue for the first half dropped by 6.0% year-on-year to US$2.22bn. The company said it will continue to seek partnerships with domestic and overseas companies as it noted that the Chinese economy is facing new downward pressure.

Last modified on 14 August 2019
Published in Global Cement News
Tagged under
  • China Resources
  • CRC
  • China
  • Results
  • GCW418
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