WESTCHINACEMENT Issues Positive Profit Alert, Forecasting 33-43% Rise in Annual Earnings

Stock News03-04

WESTCHINACEMENT (02233) has announced that the group anticipates its profit attributable to owners of the company for the year ending December 31, 2025, to be between approximately RMB 832.8 million and RMB 895.5 million. This represents an increase of approximately 33% to 43% compared to the profit attributable to owners of approximately RMB 626.2 million recorded for the year ended December 31, 2024. The Board of Directors attributes this expected significant year-on-year growth in profit for the 2025 fiscal year primarily to an increase in overseas cement sales volume, a decrease in the cost of sales for the group's cement products within China, and the recognition of negative goodwill arising from the acquisition of equity in Cimenterie de Lukala SA.

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