Preview: Asia Cement sees nine-month net to soar, Taiwan

Preview: Asia Cement sees nine-month net to soar, Taiwan
Published: 06 October 2011

Taiwan-based producer Asia Cement said it expects over 450% YoY increase of its unaudited net profit for the nine months ended 30 September 2011.

The increase is primarily attributed to an increase in production capacity and sales volumes following new lines becoming fully operational in China. Such kilns include: Line No 3 at its Sichuan Yadong plant, Line No line at Huanggang Yadong plant, Line No 4 at Jiangxi Yadong Plant and Line No 2 at Hubei Yadong Plant and Wuhan Yaxin Cement Co, Ltd.

An increase in selling prices also positively impacted its nine month results which are to be released at the end of October.