During the Period, the Company’s consolidated turnover amounted to approximately HK$26.7 billion, representing a decrease of 3.0% as compared with the corresponding period last year, whereas profit attributable to owners of the Company was HK$5,791.9 million, representing a decrease of 4.9% over the corresponding period last year. Basic earnings per share was HK$0.829. Comparing with the corresponding period of 2018, RMB had depreciated against HK$ which had adversely affected the Group’s consolidated results by approximately 5% as the functional currency of the Group is RMB while the financial figures are all denominated in HK$. As at 30 September 2019, the total assets of the Company amounted to HK$58.0 billion, net gearing ratio was 3.1% and net assets per share was HK$5.57.
During the Period, the Company’s total sales volume of cement and clinker decreased by 0.1% to 60.7 million tons and the sales volume of concrete decreased by 3.3% to 10.0 million m3. The turnover of cement, clinker and concrete accounted for 77.4%, 4.3% and 18.3% of the consolidated turnover of the Company respectively. Guangdong and Guangxi were still the Company's major markets, accounting for 36.1% and 31.8% of the Group’s total sales volume of cement respectively. During the Period, the blended average selling price of cement and clinker was HK$359.6 per ton, whereas the average selling price of concrete was HK$487.4 per m3. During the Period, the consolidated gross margin of the Group decreased by 0.8 percentage points to 39.0% as compared with the corresponding period last year. The net profit margin was 22.0%.