Asia Cement (China) expects interim profit attributable to shareholders to decrease by about 37% year-on-year.

2023-07-15 09:53:53

The Board considers that the above expected decrease is mainly due to the decrease in the selling price of the Group's products during the Period.

ACC (China) (00743) announced that it expects the Group's unaudited profit attributable to equity holders for the six months ended 30 June 2023 to decrease by approximately 37% as compared to the same period in 2022.

The Board considers that the above expected decrease is mainly due to the decrease in the selling price of the Group's products during the Period.

Data show that in the first half of 2022, the profit attributable to the owners of the company was 312 million yuan.

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Correlation

According to the announcement, Asia Cement's revenue in the first half of this year decreased by 17% to about RMB 4,105.1 million.

2023-08-09 17:32:06

The Board considers that the above expected decrease is mainly due to the decrease in the selling price of the Group's products during the Period.

2023-07-15 09:53:53

Since October 27, the price of cement in the main urban area has been raised again, with a range of 60 yuan/ton. Whether this push can be effectively implemented remains to be further verified by the market.