On 11 March, China Resources Cement announced its financial results for the year ended 31 December 2015.
In 2015, China Resources Cement recorded sales of cement, clinker and concrete of 76.72 million tons, 4.63 million tons and 12.31 cubic meters, respectively. The consolidated turnover amounted to HK$26,778.7 million, representing a decrease of 18.0% year-on-year. Profit attributable to owners of the Company dropped 75.9% year-on-year to approximately HK$ 1,015 million. Basic earnings per share was HK$0.155. The Board recommends the payment of a final dividend of HK$0.02 per share, making total distribution for the year HK$0.08 per share and with a payout ratio of 51.6%.
In the future, China Resources Cement will persistently adhere to the “3+2” development strategy, making us a market-leading producer with the lowest cost and best innovation capability in the region. The Company will continue to explore investment opportunities in countries and regions along the Belt and Road of the “One Belt One Road” Initiative , promote green development and contribute to the healthy development of the cement industry in China.
