Cement News tagged under: Luks Group (Vietnam Holdings) Co Ltd

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Luks Group (Vietnam Holdings) records 10% fall in turnover

05 September 2019, Published under Cement News

Luks Group (Vietnam Holdings) Co Ltd has reported a 9.7 per cent YoY decrease in turnover to HKD330.6m (US$42.17m) for the six-month period ending 30 June 2019, compared with HKD366.2m in the 1H18. The company’s cement business saw a decline of 18 per cent YoY in turnover to HKD219.3m. The company has attributed the results to a fall in Chinese consumption, which resulted in reduced cement exports, alongside a decline in Vietnam’s domestic cement demand. The company’s plant in central Vie...