Gansu Qilian Mountains Cement: Net profit is expected to increase by 120%-150% in 1H14

Byrebecca3360

Updated Wed, 09 Jul 2014 13:17:46 GMT

China - Gansu Qilian Mountains Cement Limited made an announcement in the evening of July 7th that according to the preliminary estimation of its financial department, the net profit attributable to shareholders of the listed corporation in 1H14 was expected to increase by 120%-150% compared to the same period last year. In 1H13, the net profit attributable to shareholders of the listed corporation was about CNY109.80mln, and earnings per share CNY0.1839.

The increased performance during the period was mainly benefitted from, firstly, the expanding production scale as well as the increased sales and price year-on-year; and the second, further strengthening of internal management by the company, improved production efficiency, and the YoY decline in product cost.