On 5 August 2016, China Resources Cement Holdings Limited (SEHK stock code: 1313) announced its interim results for the six months ended 30 June 2016.
In the first half of 2016, the Company's consolidated turnover was HK$ 11.3 billion, representing a decrease of 15.6% from the corresponding period last year. Profit attributable to owners of the Company dropped to HK$257.5 million. Basic earnings per share reached HK$0.039. The Board has resolved to declare an interim dividend of HK$0.015 per share for the Period (30 June 2015: HK$0.06) with a dividend payout ratio of 38.5%. As at 30 June 2016, the total assets of the Group were HK$53.9 billion, the net gearing ratio was 66.9% and the net assets per share were HK$4.00.
During the Period, our external sales volume of cement, clinker and concrete were 37.1 million tons, 2.0 million tons, and 5.7 million m3, representing an increase of 6.7%, a decrease of 27.4% and an increase of 0.1% respectively from the corresponding period last year. During the Period, the average selling price of cement and clinker were HK$238 per ton and HK$ 173 per ton, representing decreases of 19.7% and 22.4% respectively from the corresponding period of last year. The average selling price of concrete was HK$374 per m3, representing a decrease of 14.0% from the corresponding period last year. The consolidated gross margin of the Company was 23.8%, representing a decrease of 1.2 percentage points as compared to 25% in the same period of last year. Net margin was 2.0%, which was 9.1 percentage points lower as compared to 11.1% in the same period of last year.
