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.
