China Tianrui Group Cement Co., Ltd. (HK:1252) has released an update.
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China Tianrui Group Cement Co., Ltd. reported a significant decline in its interim results for the first half of 2024, with revenue dropping 35.4% to RMB 2.58 billion and profit plummeting 83.3% to RMB 25.89 million compared to the same period in 2023. The company’s basic earnings per share also decreased by 81.2%, reflecting challenging market conditions. Despite these setbacks, total equity saw a marginal increase, indicating some resilience in the company’s financial structure.
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