"Performance" Asia Cement (China) turned a loss into a profit of 146 million yuan in the first three quarters

Asia Cement (China) (00743.HK) announced its performance for the first three quarters ending September this year, with a revenue of RMB 3.732 billion, a year-on-year decrease of 9.4%. It turned a loss into a profit of RMB 146 million, compared to a loss of RMB 459 million in the same period last year; earnings per share were 9.3 cents.

Looking ahead to the fourth quarter, the group believes that the real estate industry will still be in a deep adjustment period in the short term, making it difficult to effectively support cement demand. It is expected that the fourth quarter will perform better than the third quarter, but not as strong as the high market in the fourth quarter of last year