25 August 2019

Cement firms may report good 1Q results, paper says

Mainland cement firms could register substantial profit rises in the first quarter, the China Securities Journal reported Monday, citing unnamed analysts. Regulators have stepped up eradication of outdated capacity and strengthened environmental monitoring so cement oversupply has eased. Meanwhile cement demand will continue to grow because the 7.5 percent gross domestic product growth rate set for the year is unlikely to lead a significant drop in fixed-asset investment growth, the report said.

– Contact HKEJ at [email protected]



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