China Tianrui Group Cement (01252) said its profit attributable to owners for the year ended 31 December 2017 surged 238.6% year-on-year to Rmb1,002 million.
Basic earnings per share were Rmb0.37.
Revenue amounted to Rmb8,421 million, an increase of 40.1% from a year earlier.
Gross profit grew 58% year-on-year to Rmb2,397 million. Gross profit margin increased to about 28.5% in 2017 from 25.2% in 2016, which was primarily due to the larger increase in selling prices of cement and clinker than the increase in unit production cost.
No final dividend will be distributed.