Building material sector sees CNY 140.3 billion profit in H1

The profit of the cement sector plunged 51.4% YoY to CNY 22.3 billion in H1.The flat glass sector suffered a loss of CNY 490 million in the period, compared a net profit of CNY 2.66 billion in the first six months of 2011.

In the first seven months, the country cement output grew 5.3% YoY to 1.18 trillion metric tons, slowing from a 19.2% growth in the same period of 2011. The output of flat glass totaled 423.53 million weight boxes in the first seven months down 3.2% YoY, compared with a 19.7% growth in the corresponding period of 2011.

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