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Asia Cement (China) Holdings (HKG:743) Third Quarter 2022 Results
Key Financial Results
- Revenue: CN¥2.14b (down 21% from 3Q 2021).
- Net income: CN¥59.5m (down 80% from 3Q 2021).
- Profit margin: 2.8% (down from 11% in 3Q 2021).
- The decrease in margin was driven by lower revenue.
- EPS: CN¥0.038 (down from CN¥0.19 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Asia Cement (China) Holdings Earnings Insights
Looking ahead, revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in Hong Kong are expected to grow by 5.6%.
Performance of the Hong Kong Basic Materials industry.
The company’s shares are down 7.3% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Asia Cement (China) Holdings that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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