Asia Cement CH (00743) issues a profit warning, expecting a shareholders' attributable loss of approximately 264 million yuan for the year 2024, a year-on-year change from profit to loss.

Asia Cement CH (00743) announced that it is expected to incur an unaudited loss attributable to equity holders of approximately RMB 264 million for the year ending December 31, 2024, while it recorded a profit attributable to equity holders of approximately RMB 106 million for the year ending December 31, 2023. The board of directors believes that the expected decrease is mainly due to a decline in the selling price of the group's products compared to the same period last year.