Brief: Asia Cement (China) Says Six Months Profit Attributable Rmb311.9 Million

Asia Cement (China) Holdings

05/08/2022 09:52

Aug 5 (Reuters) - Asia Cement (China)  0743.HK :
    * SIX MONTHS PROFIT ATTRIBUTABLE RMB311.9 MILLION VERSUS
RMB1,073.4 MILLION
    * HY REVENUE DECREASED BY 7% TO APPROXIMATELY RMB4,947.0
MILLION
    * CAUTIOUSLY OPTIMISTIC ABOUT DEVELOPMENT OF CEMENT INDUSTRY
    * ON DEMAND SIDE, OVERALL DEMAND OF CEMENT INDUSTRY IS ON A
DOWNWARD TREND
    * IN SECOND HALF INFRASTRUCTURE INVESTMENT WILL CONTRIBUTE
TO
DEMAND RECOVERY TO CERTAIN EXTENT
    * AS OF END OF JUNE, OUT OF 160 KEY PROJECTS OF
CHENGDU-CHONGQING
ECONOMIC CIRCLE IN 2022, 152 HAVE COMMENCED CONSTRUCTION
    * POSITIVE IMPACT OF INFRASTRUCTURE INVESTMENT RECOVERY ON
CEMENT
DEMAND IN SECOND HALF OF YEAR IS MUCH ANTICIPATED
    * PLANS TO SELL 16 MLN TONNES OF CEMENT PRODUCTS IN SECOND
HALF OF
YEAR AND 29.36 MLN TONNES OF CEMENT PRODUCTS FOR WHOLE YEAR

Further company coverage:  0743.HK 

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