Asia Cement 's net loss of CNY 264mn, January-September 2015

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
November 3, 2015 Read time: 1 min

6819 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. Revenue also declined 22.54% to CNY 4.615 billion.

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