Taiwan Cement predicts higher gross profits

Taiwan Cement predicts higher gross profits
Published: 26 December 2005

Taiwan Cement predicts higher gross profits

Taiwan Cement predicted its gross profits in the final quarter of this year would grow by 12 per cent, posting the highest level in a decade thanks to the increasing shipment monthly in domestic market. In addition, prices for export cement and clinker increased. Institutional investors predicted the profits per share would be over NT$2 this year, similar to Asia Cement with total profits predicted to reach over NT$6 billion.