Asia Cement (China) Holdings (HKG:743) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥1.47b (down 34% from 2Q 2023).
- Net loss: CN¥275.1m (down by 277% from CN¥155.1m profit in 2Q 2023).
- CN¥0.17 loss per share (down from CN¥0.099 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Asia Cement (China) Holdings Earnings Insights
Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Basic Materials industry in Hong Kong.
Performance of the Hong Kong Basic Materials industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Asia Cement (China) Holdings (1 doesn't sit too well with us!) that you should be aware of.
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