Net profit of Huaxin Cement in the first quarter increased by over 350%

Byrebecca3360

Updated Wed, 16 Apr 2014 09:59:28 GMT

Huaxin Cement made an announcement on the evening of April 14th that according to the preliminary estimation of its Financial Department, net profit attributable to shareholders of the listing corporation is expected to rise by 350% to 400% in the first quarter of 2014 compared with the same period last year. In the same period last year, net profit attributable to shareholders of the listing corporation was 25.75 yuan.

In the first quarter of 2014, the production and sales of the company’s leading cement products rose by 4% and the price rose by 7.4% on a YoY basis.