(Yicai Global) Aug.30 -- Gansu Shangfeng Cement Co. [SHE: 000672] saw both its cement clinker sales and prices rise and achieved substantial growth in operating results from a continuously-improving market, the company's first half earnings report outed yesterday shows.

The company achieved first-half cement and cement clinker sales of 6.84 million tons, up 57.2 percent over the same period last year, and operating income of USD271 million (CNY1.818 billion) for growth of 29 percent. Net profit attributable to the parent company was CNY262 million, up 490 percent annually, per the report.

Shangfeng Cement shares today closed up 3 percent at CNY10.65.