Jiangxi Cement: Net profit is expected to grow by 70%-100% in 1H14

Byrebecca3360

Updated Wed, 09 Jul 2014 13:18:45 GMT

China - Recently, Jiangxi Cement has released its preformance forecast. The company expects its net profit to reach CNY 230mln to CNY265mln, a year-on-year growth of 70% to 100%. The company achieved a net profit of CNY133mln over the same period last year.

The company said that in the first half of 2014, the average product price of the company has increased compare to the same period last year, which has led to the substantial increase in net profit.