Asia Cement forecasts higher 1H net profit

Asia Cement (China) expects its unaudited net profit to more than double for the six months to the end of June 2013 compared to the same period of last year.

The 100 per cent forecasted increase in first half net profit was primarily attributable to the increase in sales  and a decrease in coal costs compared to 1H12, the company said.

Asia Cement's interim results are expected to be published at the end of August.