Gansu Shangfeng Cement: Net profit reached 114 million yuan in 1Q14

Byrebecca3360

Updated Thu, 24 Apr 2014 16:51:52 GMT

Gansu, China – Gansu Shangfeng Cement Co., Ltd released its performance report for 1Q14 on the evening of April 23 that from January to March of 2014, the company achieved operating income of 677 million yuan, a YoY increase of 71.35%; net profit attributable to shareholders of the listing corporation of 114 million yuan; earnings per share of 0.14 yuan.

The company said that the growth in operating income was mainly attributed to the YoY rise in the company’s product price as well as the increase in sales volumes of cement products.