Asia Cement Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 01:40 am EDT
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Asia Cement Co.,Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 19,092.82 million compared to KRW 19,751.48 million a year ago. Net income was KRW 30,163.07 million compared to KRW 23,778.11 million a year ago. Basic earnings per share from continuing operations was KRW 775 compared to KRW 611 a year ago. Diluted earnings per share from continuing operations was KRW 775 compared to KRW 611 a year ago. Basic earnings per share was KRW 775 compared to KRW 611 a year ago.
For the six months, sales was KRW 35,619.88 million compared to KRW 36,430.39 million a year ago. Net income was KRW 34,758.97 million compared to KRW 20,196.19 million a year ago. Basic earnings per share from continuing operations was KRW 893 compared to KRW 519 a year ago. Diluted earnings per share from continuing operations was KRW 893 compared to KRW 519 a year ago. Basic earnings per share was KRW 893 compared to KRW 519 a year ago.
ASIA CEMENT CO.,LTD. is a Korea-based company mainly engaged in the manufacture and distribution of cements. The Company mainly provides cements, including general Portland cements, moderate heat Portland cements, early-strength Portland cements, low heat Portland cements and sulfate resistance Portland cements; ready-mixed concretes (REMICONs), including general concretes , high strength concretes and low heat concretes, as well as dry mortars. It also involves in the leasing of leisure facilities and buildings. On June 3, 2014, it acquired additional shares of ASIA ADVANCED MATERIALS SDN.BHD and held 100% stake in the target company after the transaction.
ASIA CEMENT CO.,LTD. 
