Asia Cement (China): Estimated net profit loss of 459 million yuan in the first three quarters

2024-10-21 10:08:37

On the evening of October 18, Asia Cement (China) announced that it expected the Group's unaudited loss attributable to equity holders (net profit attributable to parent company) for the nine months ended September 30, 2024 to be approximately RMB459 million.

On the evening of October

18, Asia Cement (China) announced that it expected the Group's unaudited net profit attributable to equity holders for the nine months ending September 30, 2024 to be about RMB 459 million . Profit attributable to equity holders for the nine months ended 30 September 2023 was approximately RMB116 million.

The Board is of the view that the aforesaid expected decrease is mainly due to the decrease in the selling price of the Group's products during the Period as compared to the same period last year.

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Correlation

CEMPI

130.5

-0.85 -0.65%

CONCPI

111.39

-0.90 -0.80%

CLKPI

136.95

-1.09 -0.79%

SPPI

50.90

-0.27 -0.53%

MORPI

80.62

+0.02 +0.02%

Cement Net Weekly Report: Concrete Market Demand Continues to Weaken, Quotations in Many Places Decline Steadily (12.23-12.27)

Near the end of the year, the domestic concrete market demand continued to weaken, the cost support declined compared with the previous period, and the price of concrete in many places declined steadily. From December 19 to December 25, the national concrete price index closed at 111.39 points, down 0.80% annually and 10.97% year-on-year.