Asia Cement (China) Holdings Corporation provided earnings guidance for the year ended December 31, 2016. Group is expected to record a net profit for the year ended 31 December 2016 as compared to a net loss for the year ended 31 December 2015. The Board considers that the aforesaid turnaround from loss to profit was primarily due to the improvement in average selling price of the company’s products and the decrease in foreign exchange loss from bank borrowings as a result of improving its loan portfolio.