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Asia Cement (China) Holdings Corp Comments On FY 2012 Earnings Guidance


Friday, 8 Mar 2013 04:16am EST 

Asia Cement (China) Holdings Corp announced that it expects to record a substantially lower net profit for the year ended December 31, 2012 as compared with that for the year ended December 31, 2011.The decrease in the Group’s net profit in 2012 was primarily attributable to the significant decrease in average selling price of the Company’s products in the first three quarters of 2012. Based on the preliminary assessment by the Company, it is expected that the net profit attributable to owners of the Company for the year ended December 31, 2012 will decrease significantly from that of the previous year. 

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