Jiangxi Cement expects net profit down by up to 70% in 2012

Byyyp

Updated Thu, 17 Jan 2013 00:00:00 GMT

Jiangxi Wannianqing Cement, a Shenzhen-listed producer of cement and clinker, has estimated that the company's net profit has decreased by 60-70% year-on-year in 2012 compared to a net profit of US$81.4m in 2011. The company made the announcement in a performance forecast that was released on 14 January 2012.