China Resources Cement Sees Profits Dip Sharply

China Resources Cement Holdings (HK:1313) has released an update.

China Resources Cement Holdings reports a significant drop in its interim results for the first half of 2024, with turnover falling by 13.9% and profit attributable to owners plunging by 70.2% compared to the same period in 2023. Despite a slight increase in total assets and net assets per share, the company’s gearing ratio also rose from 36.9% to 38.8%. These financial results highlight a challenging period for the company amidst a volatile market.

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