In 2015, China-based Allied Cement Holdings’ revenue fell by 36.5% year-on-year to HKD 465.7 million (€53.76 million/US$60.03 million).
The cement and clinker producer incurred a loss of HKD 34.24 million, which translates into a loss per share of HKD 0.69.
Allied Cement's sales of clinker and cement fell by 17.4% to 2 million tonnes during this period.
Shanghai Allied Cement and Shandong Allied Wangchao Cement, Allied Cement units, also saw decreases.
Shandong Allied Wangchao Cement Limited's gross profit fell by 77.1% to HKD 10.6 million, while its sales of clinker and cement fell by 12.8% to 1.2 million tonnes.
Cement production fell by 18.8% to 1.08 million tonnes, while clinker production reached 852,000tonnes.
Shanghai Allied Cement's gross profit fell by 24.2% to HKD 19.1 million, while the company’s cement sales went down by 22.5% to 805,000tonnes.
