Gansu Shangfeng Cement achieved profit of 110-120 million yuan in the first quarter of 2014

Byrebecca3360

Updated Wed, 16 Apr 2014 10:03:56 GMT

At noon of April 14th, Gansu Shangfeng Cement Co Ltd released its results forenotice in the first quarter of 2014. The company expects net profit attributable to shareholders of the listing corporation in the first quarter 0f 2014 to reach 110 to 120 million yuan, and the company lost 18.06 million yuan in the same period last year.

In the first quarter of 2014, the market demand for products was stable, product sales price rose, the company’s clinker sales remain the same YoY, sales volume of cement products increased, the price of the main raw material –r aw coal was low, and the production cost went down on a YoY basis.