Asia Cement (China) Holdings Corporation reported that the company turned from a net profit of CNY 531 million (€76.36 million/US$84.07 million) during January-to-September 2014 to a net loss attributable to shareholders of CNY 264 million (€37.97 million/US$41.80 million) in the same period of 2015.
Net loss per share stood at CNY 0.168.
The loss resulted from the Renminbi devaluation and a decrease in the selling price of the company's products.
Gross profit was down by to CNY 611 million. Reven
Net loss per share stood at CNY 0.168.
The loss resulted from the Renminbi devaluation and a decrease in the selling price of the company's products.
Gross profit was down by to CNY 611 million. Revenue also declined 22.54% to CNY 4.615 billion.
