Apr. 16, 2012 (China Knowledge) - Sichuan
Shuangma Cement Co. Ltd<000935
>, a China-based producer and distributor of cement and electric power controlled by Lafarge China Offshore Holding Company Ltd, announced yesterday that its net profit fell 28.23% year on year to RMB 331 million last year, due to higher costs of raw materials and fuel.
Basic earnings per share were RMB 0.26 in 2011, down 33.33% year on year.
The company's operating revenue rose 17.44% year on year to RMB 2.03 billion last year. Sichuan
Shuangma Cement produced 6.58 million metric tons of cement last year, 21.08% more than in the previous year as the No. 3 production line of Lafarge Dujiangyan Cement Co started operation in the second half of 2010. Cement sales rose 19.40% year on year to nearly 6.58 million metric tons.
In 2012, the company aims to increase its cement sales to 7 million metric tons.