Asia Cement (China): Profit attributable to equity holders is expected to decrease by about 75% year-on-year in 2023

2024-01-22 10:18:27

Asia Cement (China) announced that the Group's unaudited profit attributable to equity holders in 2023 is expected to decrease by approximately 75% as compared with the same period in 2022, mainly due to the decrease in the selling price of the Group's products during this period.

Asia Cement (China) announced that the Group's unaudited profit attributable to equity holders in 2023 is expected to decrease by approximately 75% as compared with the same period in 2022, mainly due to the decrease in the selling price of the Group's products during this period. According to the data of

China Cement Network, in 2022, Asia Cement (China) realized 9.614 billion yuan in operating income and 420 million yuan in net profit attributable to the parent company.

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Recently, due to the persistent cost pressure in the south, the price of concrete has risen slightly with the raw materials, but the growth of market demand is limited, and the overall quotation is still stable. From October 31 to November 6, the national concrete price index closed at 112.47 points, up 0.31% annually and down 10.11% year-on-year.