August 24 – China National Building Material (CNBM) (03323.HK) posted a 237-percent growth in interim net profits to 3.61 billion yuan, reports yicai.com, citing a company filing. Sales revenues grew 61.7 percent to 34.56 billion yuan. The firm sold 82.18 million tons of cement, an increase of 17.1 percent. The percentage changes are year-on-year.

CNBM, which is China’s largest cement manufacturer, focused on restructuring in Huaihai, Dongnan, and northern China, bringing output to 210 million tons during the reporting period. The firm is confident about its performance outlook for the second half of 2011, the source said.

Source:capitalvue