International Cement Flags Significant Decline in Profit for H1; Shares Plunge 5%

MT Newswires08-05

International Cement (SGX:KUO) forecasted a significant decline in the company's profit before tax in H1, according to a filing with the Singapore Exchange on Friday.

The company has attributed this to a decline in revenue due to increase in competition.

The group will release its financial results in mid-August.

Shares of the company were down over 5% in recent trading.

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