Western Cement: Profit attributable to shareholders in 2024 was RMB626 million, representing a year-on-year increase of 48.6%.

Western Cement (02233) announced its performance in 2024, with revenue of about 8.345 billion yuan, a decrease of 7.5% compared with the same period last year. Profit attributable to owners of the company was 626 million yuan, an increase of 48.6% over the same period last year. Basic earnings per share was 11.5 cents and a final dividend of 3.4 cents per share was proposed.

During the year, the sales volume of cement decreased by 3.0% to approximately 19.2 million tonnes and the overall cement price decreased by 6.1% as compared to 2023, resulting in a decrease in revenue.