Asia Cement Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 01:05 am
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Asia Cement Co.,Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 23,229.04 million compared to KRW 26,333.72 million a year ago. Net income was KRW 17,240.05 million compared to KRW 29,197.92 million a year ago. Basic earnings per share from continuing operations was KRW 443 compared to KRW 752 a year ago. Basic earnings per share was KRW 443 compared to KRW 750 a year ago.
For the nine months, sales was KRW 59,659.43 million compared to KRW 47,490.36 million a year ago. Net income was KRW 37,436.24 million compared to KRW 66,410.94 million a year ago. Basic earnings per share from continuing operations was KRW 961 compared to KRW 1,232 a year ago. Basic earnings per share was KRW 961 compared to KRW 1,705 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. 
