On August 8, China Tianrui Group Cement Co., Ltd. announced the convening of the board meeting.
On August 8, China Tianrui Group Cement Co., Ltd. announced the convening of the board meeting. The announcement indicates that a meeting of the board of directors of China Tianrui Group Cement Co., Ltd. will be held on Friday, 18 August 2023, for the purpose of, among other things, considering and, if thought fit, approving the announcement of the financial results of the Company and its subsidiaries for the six months ended 30 June 2023 and considering the payment of a dividend, if any.
On August 8, China Tianrui Group Cement Co., Ltd. announced the convening of the board meeting.
2023-08-09 16:38:57
CEMPI
102.49
-0.08 -0.08%
CONCPI
91.08
-0.27 -0.30%
CLKPI
109.25
0.00 0.00%
SPPI
45.12
0.00 0.00%
MORPI
74.84
0.00 0.00%
Saudi Cement expects pricing pressures to continue due to uneven regional demand. Manufacturers, faced with high overproduction and inventory, compete by cutting prices. Prices fluctuate in different and the same regions, reflecting the imbalance between supply and demand, and low prices promote the transfer of sales. By the end of the third quarter of 2025, the company's market share in Saudi Arabia reached 6%, pushing new high-quality cement. Financially, profit growth in the third quarter was due to price, efficiency and cost control, while revenue growth was due to increased sales of parent and subsidiary companies. Net profit fell 15% in the first three quarters, increased 43% year-on-year in the third quarter, and overall demand increased 12.75% year-on-year.
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