Brief: West China Cement Posts FY Profit Attributable RMB1,214.7 Million

West China Cement

28/03/2023 02:15

March 28 (Reuters) - West China Cement Ltd  2233.HK :
    * FY PROFIT ATTRIBUTABLE RMB1,214.7 MILLION VERSUS
RMB1,585.1
MILLION
    * FY REVENUE RMB8,489.1 MILLION VERSUS RMB8,002.8 MILLION
    * PROPOSED TO RECOMMEND PAYMENT OF FINAL DIVIDEND OF
RMB0.067 PER
SHARE
    * FOR SHAANXI OPERATIONS, GROUP DOES NOT EXPECT TO SEE A
SIGNIFICANT INCREASE IN DEMAND IN 2023
    * FOR SHAANXI OPERATIONS, GROUP EXPECTS TO SEE SUBSTANTIAL
DEMAND
FROM A NUMBER OF INFRASTRUCTURE PROJECTS IN 2023 AND 2024
    * OPERATIONS IN XINJIANG AND GUIZHOU ARE LIKELY TO REMAIN
SUBDUED
IN 2023
    * OVERALL CEMENT PRODUCTION CAPACITY DISTRIBUTION & BASIC
LAYOUT
IN MOZAMBIQUE IN 2023 ARE NOT EXPECTED TO CHANGE SIGNIFICANTLY

Source text for Eikon:  ID:nHKS1nkg9B 
Further company coverage:  2233.HK 

 ((Reuters.Briefs@thomsonreuters.com;))