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Asia Cement (China) Estimates Significant Net Profit Drop For 13Q1

|Includes:AACEY, Asia Cement Corp., Ltd. ADR (AACMZ)

Prepared by ChinaScope Financial | Source:Company Disclosure

  • Asia Cement (China) Holdings Corporation (00743: HKG) released earnings alert for the first quarter of 2013, expecting net profit for the period to decrease significantly on a yearly basis.

 

  • According to the company, its earnings drop was mainly due to large decrease in average selling price compared with that of the corresponding period of 2012.

 

  • Asia Cement (China) specializes in manufacture and sales of cement, concrete, and related products.
Stocks: AACMZ, AACEY