Jurong Cement warns of H1 to September losses

Jurong Cement warns of H1 to September losses
Published: 03 October 2005

Jurong Cement Ltd said it expects to report losses  in its first half to September results, citing operational difficulties in  China.  It 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.  
 
"The directors, there anticipate that the China operations and the group  as a whole will be loss making for the half year ending September 2005," it  said.