Displaying items by tag: Xinjiang Tianshan
Xinjiang Tianshan Cement’s sales drop in third quarter of 2023
26 October 2023China: Xinjiang Tianshan Cement, a subsidiary of China National Building Material (CNBM), recorded sales of US$3.68bn during the third quarter of 2023. This corresponds to a 19% year-on-year rise compared to third-quarter 2022 levels. Reuters has reported that Xinjiang Tianshan Cement’s net loss was US$12.4m, while in the corresponding quarter of 2022 it recorded a profit of US$78.3m.
China: Xinjiang Tianshan Cement has secured board approval for an issue of commercial paper. Reuters has reported the total value of the paper as US$2.19bn.
Xinjiang Tianshan Cement’s net profit drops in 2022
22 March 2023China: China National Building Material (CNBM) subsidiary Xinjiang Tianshan recorded a drop in its net profit during 2022, Reuters has reported. The producer recorded a net profit of US$655m, down by 64% year-on-year from 2021 levels.
China: Anhui Conch Cement and Xinjiang Tianshan Cement plan to launch a joint venture. Reuters News has reported that the companies will inject the joint venture with registered capital of US$297m.
Xinjiang Tianshan Cement grows third quarter net profit
24 October 2019China: Xinjiang Tianshan Cement has recorded a net profit of US$72.2m in the three months to 30 September 2019, representing an increase of 12% from US$64.5m in the corresponding quarter of 2018. Revenue leapt up to US$464m from US$376m.
Shangfeng Cement also improved its profits in the quarter by 70% year-on-year to US$839m from US$494m in the three months to 2018.
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