CRC:Net profit rose by 70% to 77 billlion yuan

Byrebecca3360

Updated Tue, 13 May 2014 16:02:46 GMT

China Resources Cement Holdings Limited announced that in the first quarter of 2014, the turnover of the company reached 6.80 billion yuan, a YoY increase of 13.8%; gross profit was 2.16 billion yuan, which increased by 55.3%; net profit grew by 69.6% to 768 million yuan; and earnings per share was 11.8 cents. No dividend was recommended. Benefitted from the improved sales price during 1Q14, the gross margin of the company increased by 8.5 percentage points to 31.8%.