Top Biz News

Gansu Qilianshan Cement gains on forecast of profit rise

(Xinhua)
Updated: 2010-01-28 13:55

Shares in Gansu Qilianshan Cement Co, one of China's largest cement producers, rose 0.85 percent to finish at 14.3 yuan ($2.1) Wednesday after it announced an expected doubling of profits in 2009.

Related readings:  Sinoma to hike cement output with Qilianshan stake buy  China to rein in cement overcapacity  China's stocks continue falling for 4th straight day

In a statement filed to the Shenzhen Stock Exchange earlier in the day, Gansu Qilianshan Cement said the growth stemmed from good business operations in both market expansion and internal management.

The company said it would reveal the specific figures in its annual business report soon. But it did not specify the date.

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