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China’s Jidong Cement returns to black

China-based cement supplier Tangshan Jidong Cement (Jidong Cement) posted an improvement from a net loss of CNY 175 million (€23.56 million/US$27.32 million) in the first six months of 2014 to a net profit of CNY 198 million in the same period of 2015. Operating revenue plunged 27.7% to CNY 5.112 billion. Sales of clinker and cement suffered a decline of 22.22% and 18.49% to 4.9 million tonnes and 26.27 million tonnes respectively. Production of clinker fell by 24.65% to 21.64 million tonnes, whi
August 26, 2015 Read time: 1 min

China-based cement supplier Tangshan Jidong Cement (Jidong Cement) posted an improvement from a net loss of CNY 175 million (€23.56 million/US$27.32 million) in the first six months of 2014 to a net profit of CNY 198 million in the same period of 2015.

Operating revenue plunged 27.7% to CNY 5.112 billion.

Sales of clinker and cement suffered a decline of 22.22% and 18.49% to 4.9 million tonnes and 26.27 million tonnes respectively.

Production of clinker fell by 24.65% to 21.64 million tonnes, while cement output subtracted by 19.95% to 26.16 million tonnes.

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