China Resources Cement Holdings announced its 2022 results, with turnover of approximately HK $32.219 billion, a decrease of 26.7% over the same period last year, and profit attributable to owners of the company of approximately HK $1.936 billion, a decrease of 75.1% over the same period last year. Basic earnings per share was HK $0.277 and a final dividend of HK $0.009 per share was proposed.
In 2022, the Group's external sales of cement, clinker and concrete decreased by 9.2 million tons, 359000 tons and 4 million cubic meters . Decreased by 11.4%, 10.9% and 27.1% respectively compared with 2021. During the year, approximately 83.6% of the cement products sold by the Group were 42.5 or higher grade (2021: 82.9%) and approximately 27.7% were sold in bags (2021: 28.9%). Internal cement sales for the Group's concrete production were 1.9 million tonnes (2.9 million tonnes in 2021), representing 2.6% of total cement sales (3.5% in 2021).
In 2022, the average selling prices of cement, clinker and concrete were HK $358.6 per tonne, HK $361.7 per tonne and HK $490.6 per cubic metre, respectively, representing a decrease of 16.8%, an increase of 11.0% and a decrease of 7.1%, respectively, as compared to 2021.
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