China National Building 1st Half Net Profit Up 711% to CNY885.4 Million

By Joanne ChiuFeaturesDow Jones Newswires

China National Building Material Co.'s (3323.HK) net profit in the first half surged on higher prices for its cement products.

The Chinese cement producer said Friday its first-half net profit rose 711% to 885.4 million yuan ($132.9 million) from a net profit a CNY109.1 million a year ago. Revenue increased 21% to CNY53.36 billion from CNY44.10 billion during the same period. It didn't declare an interim dividend.

Continue Reading Below

Write to Joanne Chiu at

(END) Dow Jones Newswires

August 25, 2017 05:24 ET (09:24 GMT)