CR Cement: the net profit for the first three quarters was HK$5.314 billion, fell by 28.1% year-on-y

Byzengjiaming12

Updated Mon, 01 Nov 2021 10:14:41 GMT

    On October 22, China Resources Cement Holdings Limited released unaudited financial information for the nine months ended September 30, 2021. The announcement showed that for the nine months ended September 30, 2021, the company's turnover was HK$30.816 billion, increased by 13.3% year-on-year; the profit attributable to company owners was HK$5.314 billion, fell by 28.1% year-on-year; basic earnings per share was HK$0.761.

    According to the announcement, the comprehensive gross profit during the period was HK$9,342.5 million, with a decrease of 14.8% from HK$10,968.4 million in the same period of last year. The comprehensive gross profit margin during the period was 30.3%, with a decrease of 10 percentage points from 40.3% in the same period of last year. The decrease in comprehensive gross profit and comprehensive gross profit during the period was mainly due to the increase in the production cost of cement products as compared with the same period of last year. The gross profit margins of cement, clinker and concrete during the period were 32.1%, 24.6% and 23.4% respectively, compared to 43.4%, 38.7% and 25.5% in the same period last year.