China Resources Cement Holdings ( (HK:1313) ) just unveiled an announcement.
China Resources Cement Holdings announced its audited consolidated results for the year ending December 31, 2024, revealing a decrease in turnover by 9.8% to RMB 23,037.8 million and a significant drop in profit attributable to owners by 67.2% to RMB 210.9 million. Despite a stable gross profit, the company faced challenges such as increased general and administrative expenses and reduced other income, impacting its overall profitability. The proposed final dividend per share increased to HK$0.01, indicating a commitment to shareholder returns despite financial pressures. These results reflect broader challenges in the building materials industry, with potential implications for stakeholders as the company navigates a competitive and fluctuating market environment.
More about China Resources Cement Holdings
China Resources Cement Holdings is a company operating in the building materials industry, primarily focusing on the production and distribution of cement and related products. The company is positioned within the Asian market, particularly in China, where it plays a significant role in the construction sector.
YTD Price Performance: 4.29%
Average Trading Volume: 5,750
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.53B
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