HK Stock Market Move | Asia Cement (00743) rose by more than 6%, with the company's profit for the last quarter of last year expected to reach 195 million yuan.

ASIA CEMENT CH (00743) surged more than 6%, rising 6.48% to 2.3 Hong Kong dollars as of the time of writing, with a turnover of 15.949 million Hong Kong dollars. In terms of news, ASIA CEMENT CH announced that it is expected to have an unaudited loss attributable to equity holders of approximately RMB 264 million for the year ended December 31, 2024, compared to a profit of approximately RMB 106 million for the same period last year. It is worth noting that in the first three quarters of 2024, ASIA CEMENT CH's shareholders have a loss attributable to them of 459 million RMB. Based on this calculation, the company is expected to have a net profit of 195 million RMB in the fourth quarter of last year.