Gelonghui, April 19 | Asia Cement (China) (00743.HK) announced that the Group expects the net loss due to unaudited equity holders for the three months ending March 31, 2024 to be approximately RMB 129.7 million. Compared with the same period up to the same period in 2023, it recorded a net profit of approximately RMB 40.7 million.
The board of directors believes that the above anticipated net loss is mainly due to the decline in sales prices of the Group's products during this period.