Asia Cement (China) Issues Profit Warning, Expects Loss Attributable to Equity Holders of About RMB 301 Million for First Nine Months, Turning from Profit to Loss Year-on-Year
Stock News
Yesterday
Asia Cement (China) (00743) announced that the group is expected to record a loss attributable to equity holders of approximately RMB 301 million for the first nine months of 2026, compared with a profit attributable to equity holders of approximately RMB 146 million in the same period of 2025.
The board believes that the expected decline is mainly due to a decrease in the sales volume and selling price of the group's cement products during the period compared with the same period of 2025, as well as impairment provisions made on assets related to certain production lines that were exited due to capacity replacement.
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