Jiangxi Wannianqing Cement: Net profit in 1Q14 grew by 230%

Byrebecca3360

Updated 2014-04-30

Jiangxi - China: In 1Q14, Jiangxi Wannianqing Cement Limited achieved operating income of 1.27 billion yuan, an increase of 15%; net profit attributable to shareholders of the listing corporation was 102 million yuan, an increase of 230%; and earnings per share was 0.25 yuan.

Because of the rise in cement price, the company's operating income increased by about 170 million yuan. Besides, the operating cost only increased by about 30 million yuan, which led to the significant increase in operating profit and growth in performance.


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