Yaobai Cement: Profit fell by 92% in 1Q14

Byrebecca3360

Updated Wed, 30 Apr 2014 14:33:11 GMT

Shaanxi, China - West China Cement Limited announced the results of its wholly-owned subsidiary - Yaobai Cement in 1Q14 that Yaobai Cement achieved comprehensive income of 670 million yuan, a YoY increase of 3.7%, and net profit fell by 91.72% to 2.06 million yuan.

In addition, Yaobai Cement has completed the issuance of the first-batch medium-term notes valued 800 million yuan, which will last for three years and whose annual interest rate was 6.1%.