Date
15 November 2018

Taiwan Cement China unit profit seen surging in 4Q, paper says

The mainland operations Taiwan Cement Corp. (TCC), the parent of TCC International Holdings Ltd. (01136.HK), are expected to report a net profit of 330 million yuan (US$54.23 million) for the third quarter, and the figure may rise 30 percent in the current quarter to 430 million yuan, Economic Daily News reported Tuesday, citing projections made by some institutional investors. Gross margin is seen rising to 28 percent in the current quarter from the projected 25 percent in the previous three months. The company, which raised cement prices in Guangdong province for two consecutive months from September, has said that it expects its monthly shipment to rise to 4.3 million metric tons on surging demand, the report noted.

– Contact HKEJ [email protected]

TL/AC/RC

 

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