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.
