China Tianrui Cement: The net profit in the first half of the year is expected to drop by about 65% over the same period last year

2023-07-29 10:13:03

China Tianrui Cement (01252. HK) announced that the profit attributable to owners of the company for the six months ended 30 June 2023 is expected to decrease by approximately 65% as compared to the profit attributable to owners of the company of approximately RMB457 million for the six months ended 30 June 2022. The decrease was mainly due to the weak demand in the cement market and the decline in cement prices as a result of macroeconomic impact.

China Tianrui Cement (01252. HK) reported a profit attributable to owners of the Company of approximately RMB457 million for the six months ended 30 June 2022. The Company expects profit attributable to owners of the Company for the six months ended 30 June 2023 to decrease by approximately 65% as compared to the same period in 2022. The decrease was mainly due to the weak demand in the cement market and the decline in cement prices as a result of macroeconomic impact.

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China Tianrui Cement (01252. HK) announced that the profit attributable to owners of the company for the six months ended 30 June 2023 is expected to decrease by approximately 65% as compared to the profit attributable to owners of the company of approximately RMB457 million for the six months ended 30 June 2022. The decrease was mainly due to the weak demand in the cement market and the decline in cement prices as a result of macroeconomic impact.

2023-07-29 10:13:03