West China Cement Reports Reduced Sales and Profits

West China Cement (HK:2233) has released an update.

West China Cement Limited reported a decrease in sales volumes and revenue for the first half of 2024, with significant reductions in cement, clinker, aggregates, and concrete sales leading to a 15.8% drop in revenue and a 27.3% fall in profit attributable to company owners. Despite these downturns, the company’s total assets increased by 9.3%, and net assets per share rose by 4.2%.

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