Ningxia Building Materials expected its net profit in 2013 to rise by 370%

Byzhangli

Updated Fri, 24 Jan 2014 00:00:00 GMT

China: Ningxia Building Materials Group Co Ltd issued its preliminary performance report on Jan. 23 evening that the expecting net profit of the company in 2013 attributable to shareholders would increase by about 370% YoY. In 2012, net profit of the company reached CNY61.24m.

In 2013, cement and concrete sales of the company rose YoY; besides, the company further strengthened its internal management and made efforts to improve the production efficiency, in addition, the purchase price of coal declined compared with that in 2012, which made the production cost fall YoY.