China Resources Cement Holdings: The net profit in the first half of the year is expected to decrease by about 63% -68% compared with the same period last year

China Resources Cement Holdings announced on the Hong Kong Stock Exchange on July 11 that the group expects its earnings attributable to owners to decrease by 63% to 68% in the first half of 2023 compared with the same period last year.

During the period, the selling price of the Group's products decreased as compared with the same period of 2022; the sales volume of the Group's products decreased as compared with the same period of 2022; and a one-off gain of approximately HK $239 million was recorded from the disposal of a subsidiary in the same period of 2022.

In addition, according to the information of China Cement Network, in the first half of 2022, the turnover of China Resources Cement was about HK $16.1165 billion, the gross profit was HK $3.303 billion, the profit attributable to the owners of the company was HK $1.8045 billion, the basic earnings per share was HK $0.258, and the interim dividend per share was HK $0.12.