West China Cement ( (HK:2233) ) has shared an update.
West China Cement Limited has issued a positive profit alert, anticipating a 35% to 45% increase in profit for the year ended December 31, 2024, compared to the previous year. This expected profit growth is attributed to the absence of significant losses and penalties recorded in 2023, including a derecognition loss of a subsidiary and an administrative penalty for anti-trust law violations. Despite stable but low cement prices, the company’s revenue slightly decreased from RMB9,021 million in 2023 to RMB8,330 million in 2024.
More about West China Cement
West China Cement Limited is a company incorporated in Jersey, primarily engaged in the production and sale of cement. The company operates within the construction materials industry, focusing on the central Shaanxi market in China.
YTD Price Performance: -4.00%
Average Trading Volume: 340
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.16B
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