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News DongWu Cement reports on first half profits

DongWu Cement reports on first half profits

Written by Global Cement staff 30 August 2019
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China: DongWu Cement’s net profit over the six months to 30 June 2019 was US$4.83bn, up by 20.6% from US$4.00bn over the same period of 2018. Its cement segment reported a net profit of US$5.37bn, up by 9.1% from US$4.92bn in the corresponding period of 2018.

In its financial statement, DongWu noted a year-on-year growth in China’s total cement output of 6.8% to 1.05Bnt in the first half of 2019, with prices also increasing by 4.1% to US$60.9/t, though growth rates have slowed.

Infrastructure developments have driven swelling demand, while compressed supply has brought the centrally organised economy’s cement reserves to a medium-low level.

Last modified on 04 September 2019
Published in Global Cement News
Tagged under
  • China
  • Dongwu Cement
  • Results
  • GCW421
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