Asia Cement (China) Holdings Corp posts 40% 9M profit rise

Asia Cement (China) Holdings Corp has reported a 16.3 per cent advance in revenues to CNY9.18bn (US$1.299bn) in the 9M19 when compared with CNY7.89bn in the 9M18, according to Reuters.

Attributable profit came in at CNY2.24bn in the nine-month period, representing a 40 per cent increase YoY from CNY1.6bn.

Cementitious sales are expected to reach 30.9Mt in the FY19.