Asia Cement (China): Profit attributable to equity holders is expected to decrease by about 70% year-on-year in the first three quarters

Asia Cement (China) announced on October 13 that the Group expects that the unaudited profit attributable to equity holders for the nine months ending September 30, 2023 will decrease by about 70% compared with the same period in 2022.

The announcement said that the expected decrease was mainly due to the decrease in the price of the group's products during this period.

China Cement Network previously reported that the profit attributable to shareholders of Asia Cement (China) in the first three quarters of 2022 was 371 million yuan.