TCC warns on full-year net loss

TCC warns on full-year net loss
Published: 08 January 2016


TCC International Holdings Ltd said it expects to swing to a net loss for 2015 from a net profit of HKD2.05bn (US$264.5m) in the previous year.

The cement producer said the expected loss was due to a 26 per cent decline in the average selling price of its cement products and a weakening Chinese yuan against the US dollar during the year.

The company said it will publish its full-year results in March. (Source: Dow Jones Newswires)