Asia Cement Holdings Corporation Provides Earnings Guidance for the Nine Months Ended September 30, 2017
October 16, 2017 at 03:09 pm IST
The board of directors of Asia Cement (China) Holdings Corporation announced that the company's preliminary review of the management accounts of the group, the group is expected to record net profit for the nine months ended September 30, 2017 as compared to a net loss for the nine months
ended September 30. 2016. The Board considers that the aforesaid turnaround from loss to profit was primarily due to the increase in average selling price of the company's products.