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PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY UP 196.4% TO HK$1792 MILLION FOR THE FIRST QUARTER OF 2018

2018-04-20 【 Fonts:LargeMediumSmall
(Hong Kong, 20 April 2018) – China Resources Cement Holdings Limited (“China Resources Cement” or the “Company”, SEHK stock code: 1313, and together with its subsidiaries, the “Group”), one of the leading cement, clinker and concrete producers in Southern China, announced its unaudited financial information for the three months ended 31 March 2018 (the “Period”).

During the Period, the Company’s consolidated turnover amounted to approximately HK$8.0 billion, representing an increase of 39.4% as compared with the corresponding period last year, whereas profit attributable to owners of the Company was HK$1,792 million, representing an increase of 196.4% over the corresponding period last year. Basic earnings per share was HK$0.274. As at 31 March 2018, the total assets of the Group amounted to HK$58.5 billion, net gearing ratio was 37.6% and net assets per share was HK$5.10.

During the Period, the total sales volume of cement and clinker increased by 7.1% to 17.7 million tons and the sales volume of concrete increased by 18.6% to 3.0 million m3. The turnover of cement, clinker and concrete accounted for 79.5%, 4.8% and 15.7% of the consolidated turnover of the Company respectively. Guangdong and Guangxi were still the Company's major markets, accounting for 38.8% and 32.8% of the total sales volume of cement respectively. During the Period, the blended average selling price of cement and clinker increased by 31.5% to HK$383.3 per ton, whereas the average selling price of concrete increased by 11.4% to HK$417.4 per m3.

During the Period, the consolidated gross Calibri",sans-serif;;;; ;;;;;">increased by 7.4 percentage points to 36.5% as compared with the corresponding period last year. The gross Calibri",sans-serif; ;;;;; ;;; ">38.8%, 34.7% and 25.0% respectively. 

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