Analyst Pin-board: 1H2020 earning results and 2020 plan of contruction rock companies
1H2020 earning results
6M2020 business results of construction rock enterprises showed mixed results. While DHA and KSB's net sales still increased by 10.9% and 17.9% YoY, respectively, VLB and NNC recorded a decrease in net sales of 8.6% and 12.8%, respectively. However, for KSB, if we exclude the sudden growth of the industrial park leasing segment, the net revenue of the mining segment decreased by 12.8% YoY. The positive point is that although net revenue in general recorded a decrease, profit after tax of all construction rock companies grew positively, most notably DHA with 23.5% YoY. In addition, the drop in raw material prices also supported earnings as all companies recorded higher gross profit margin compared to the same period last year
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