Chinese cement firm revenues rise Jan-June 2014

China Gezhouba Group posted a year-on-year growth of 23.65% in revenue to US$5.8 billion (CNY 35.68 billion) January to June 2014. China Gezhouba, which is involved in property development, cement production and construction projects such as roads, railways, sewage and water supply, signed $11.42 billion (CNY 70.44 billion) worth of new contracts in the six-month period. The company's net profit increased 48.65% to $204.38 million (CNY 1.26 billion). Meanwhile, fellow Chinese firm Allied Cement Holdings
August 27, 2014 Read time: 1 min

China Gezhouba Group posted a year-on-year growth of 23.65% in revenue to US$5.8 billion (CNY 35.68 billion) January to June 2014. China Gezhouba, which is involved in property development, cement production and construction projects such as roads, railways, sewage and water supply, signed $11.42 billion (CNY 70.44 billion) worth of new contracts in the six-month period. The company's net profit increased 48.65% to $204.38 million (CNY 1.26 billion).

Meanwhile, fellow Chinese firm Allied Cement Holdings saw its revenue increased by 18.72% year-on-year to around $59.15 million (CNY 364 million) over the same recording period. The company's earnings rose by 51.49% to $2.46 million (CNY 15.21 million). Its earnings per share (EPS) amounted to CNY 0.0231.

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