Singapore’s Jurong Cement lower on H1 profit warning

Singapore’s Jurong Cement lower on H1 profit warning
Published: 03 October 2005

Jurong Cement Ltd was sharply lower after it said it expects to report losses in the first half to September, citing operational difficulties in China, dealers said.  
 
 
The company said Beijing’s efforts to cool the Chinese economy had negatively affected cement selling prices in the first half of the company’s financial year.  
 
Power interruptions and delays in technical upgrading at one of its production lines also resulted in low sales for the period.