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Allied Cement Holdings Ltd Comments On H2, FY 2012 Profit Guidance


Thursday, 10 Jan 2013 06:30am EST 

Allied Cement Holdings Ltd announced that profit reduction in the first half of 2012, have continued to exist in the second half of 2012. With the overall market selling prices of cement products having significantly declined in 2012 as compared with fiscal 2011, the average selling prices of cement products from the Company's manufacture and sales operations in shandong province were impacted. Moreover, it is expected that the provision for doubtful debts would increase as a result of the uncertainty in the recoverability of certain trade receivables relating to the Group’s Shanghai operations. Therefore, it is estimated that the financial performance and profits of the Company for fiscal 2012 will show a decrease as compared to that for fiscal 2011. 

Company Quote

2.11
0.09 +4.46%
25 Jul 2014