Cement News tagged under: Allied Cement Holdings

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Allied Cement issues profit warning, China

03 March 2015, Published under Cement News

China-based Allied Cement said it expects to record a significant decline in net profit by about 40 per cent for the year ended 31 December 2014 as compared to the audited net profit of around HK$46.2m for the previous financial year. The decline is primarily attributed to the significant increase in finance cost incurred in connection with additional bank and other borrowings drawn by the group in the second half of the year to support business expansion, and the maturity of its investment...

Allied Cement net profit drops, China

03 April 2012, Published under Cement News

Allied Cement Holdings Ltd, based in Shandong Province and Shanghai, said net profit declined 54.8 per cent YoY in 2011 to HK$ 76.16m. However, sales increased 60.7% YoY to HK$ 725m with basic earnings per share standing at HK$ 0.21. (Source: China Buisiness Newswire)