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西部水泥(02233)年度溢利大增68倍至7.11亿元 每股派息0.026元

The annual profit of Western Cement (02233) surged 68 times to 711 million yuan with a dividend of 0.026 yuan per share

智通财经 ·  Mar 19, 2018 22:34

According to the Zhitong Finance App, Western Cement (02233) announced that for the year ending December 31, 2017, the company's revenue was 4.76 billion yuan (RMB), an increase of 28% over the previous year; the company's owners should account for a profit of 711 million yuan, an increase of 68 times over the previous year; a profit of 0.131 yuan per share and a proposed final dividend of 0.026 yuan per share.

According to the announcement, the company's total cement and clinker sales in that year were 19.1 million tons, up 7.3% year on year; cement sales were 18.7 million tons, up 6.3% year on year. The company's gross profit margin during the period was 24.9%, up 6.7 percentage points from the previous year. As of December 31, 2017, the group's production capacity reached 29.2 million tons of cement.

The improvement in performance was mainly due to the increase in overall cement prices during the period compared to 2016, which led to an increase in earnings. The average price of cement sold in that year was 248 yuan per ton, while in 2016 it was 207 yuan per ton.


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