Qilianshan Cement H1 Earnings Up 0.5%


Updated Thu, 28 Jul 2011 00:00:00 GMT

Gansu Qilianshan Cement Group posted a 0.5-percent year-on-year increase in net profits during the first half of 2011 to 247 million yuan, reports stcn.com, citing a company filing. All percentage changes below are year-on-year.

Sale revenues grew 19.39 percent to 1.69 billion yuan. Total profits hit 341 million yuan, an increase of 12.6 percent while earnings per share hit 0.52 yuan.

The firm produced a total of 4.65 million tons of cement, an increase of 27.4 percent. It sold 4.99 million tons, up 27.84 percent.

Qilianshan Cement put two facilities in Zhang County and another in an unspecified location in Qinghai into operation in March and May this year, respectively. One project in Wen County will be operational in October.