Asia Cement Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 12:33 pm IST
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Asia Cement Co.,Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 25,962.64 million compared to KRW 23,229.04 million a year ago. Net income was KRW 27,731.36 million compared to KRW 17,240.05 million a year ago. Basic earnings per share from continuing operations was KRW 715 compared to KRW 443 a year ago. Diluted earnings per share from continuing operations was KRW 715 compared to KRW 443 a year ago. Basic earnings per share was KRW 715 compared to KRW 443 a year ago.
For the nine months, sales was KRW 61,582.52 million compared to KRW 59,659.43 million a year ago. Net income was KRW 62,490.33 million compared to KRW 37,436.24 million a year ago. Basic earnings per share from continuing operations was KRW 1,607 compared to KRW 961 a year ago. Diluted earnings per share from continuing operations was KRW 1,607 compared to KRW 961 a year ago. Basic earnings per share was KRW 1,607 compared to KRW 961 a year ago.
ASIA CEMENT CO.,LTD. is a Korea-based company mainly engaged in the manufacture and distribution of cements. The Company mainly provides cements, including general Portland cements, moderate heat Portland cements, early-strength Portland cements, low heat Portland cements and sulfate resistance Portland cements; ready-mixed concretes (REMICONs), including general concretes , high strength concretes and low heat concretes, as well as dry mortars. It also involves in the leasing of leisure facilities and buildings. On June 3, 2014, it acquired additional shares of ASIA ADVANCED MATERIALS SDN.BHD and held 100% stake in the target company after the transaction.
ASIA CEMENT CO.,LTD. 
