Brief: Asia Cement (China) Holdings Posts FY Profit Attributable of RMB3,147.3 Mln

Asia Cement (China) Holdings

24/03/2020 13:22

March 24 (Reuters) - Asia Cement (China) Holdings Corp
 0743.HK :
    * FY  PROFIT ATTRIBUTABLE RMB3,147.3 MILLION VERSUS
RMB2,420.8
MILLION
    * FY REVENUE INCREASED BY ABOUT 11% TO RMB12,608.7 MLN
    * PROPOSED FINAL DIVIDEND FOR YEAR ENDED 31 DECEMBER 2019 OF
RMB50
CENTS PER SHARE
    * DOWNSTREAM CONSTRUCTION SECTOR HAD STOPPED ITS ACTIVITIES
IN
MOST OF REGIONS AS AT MID- FEB
    * DOWNSTREAM DEMAND WILL STILL BE GRADUALLY RECOVERING
BEFORE Q2
    * GROUP EXPECTS CEMENT DEMAND WILL SHRINK IN Q1 OF 2020
    * AS CORONAVIRUS EPIDEMIC OCCURRED DURING LOW SEASON OF
CEMENT
DEMAND, ITS IMPACT WAS RELATIVELY MINIMAL
    * GROUP EXPECTS CEMENT DEMAND WILL RECOVER IN Q2, AND REMAIN
AT
PEAK SEASON LEVEL IN SECOND HALF OF YEAR

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Further company coverage:  0743.HK 

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