Asia Cement records 83% revenue surge in 2018

South Korea’s Asia Cement has announced a 82.8 per cent YoY increase in revenue in its preliminary unaudited results for the 2018 period, rising to KRW843.3bn (US$754.1m) from KRW461.2bn. Operating profit surged 49 per cent to KRW79.3bn from KRW53.2bn.

However, 2018 net profit dropped 67.8 per cent to KRW17.84bn, compared with KRW55.38bn of the year-ago period.