18 April 2019

Asia Cement (China) Jan-Sept profit up 166%, filing says

Asia Cement (China) Holdings Corp. (00743.HK) reported on Thursday a net profit of 391 million yuan (US$64.29 million) for the nine months to September, up 166 percent over the same period last year. Revenue rose 3.91 percent to 4.91 billion yuan, while gross profit margin was up 3 percentage points to 18 percent, the company said in a stock exchange filing, giving unaudited figures. Sales volume of its cement products reached 18.8 million metric tons in the period, representing a growth of 6 percent from a year earlier.

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