Asia Cement Corp sees 32% decline in revenue

Taiwan’s Asia Cement Corp has posted a 32.2 per cent decline in revenue to TWD13.14bn (US$439.2m) in the first quarter of 2020, compared with TWD19.39bn in the year-ago period.

Net profit also fell 74.6 per cent YoY to TWD743.77m from TWD2.93bn in the 1Q19.