China Resources Cement (01313) said its profit attributable to owners for the three months ended 31 March 2017 surged 90.6 times year-on-year to HK$604 million.
Basic earnings per share were HK9.3 cents.
The turnover was HK$5,772 million, an increase of 22.2% from a year earlier.
The gross profit grew 72.1% to HK$1,678 million. The consolidated gross margin for the reporting period was 29.1%, representing an increase of 8.4 percentage points from 20.7% for the corresponding period last year. The increases were mainly attributable to the higher selling prices of cement products compared to the corresponding period last year.
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