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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Asia Ceramics | LSE:ACHP | London | Ordinary Share | JE00B3PVQ001 | ORD 0.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 37.50 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Feb 2020 to Feb 2025
TIDMACHP
RNS Number : 0137Q
Asia Ceramics Holdings PLC
31 October 2012
Asia Ceramics Holdings PLC
("Asia Ceramics" or "the Company")
Trading Update
Asia Ceramics provides a trading update for the current year since the release of its interim results for the six months to 30 June 2012.
Trading since the half year has slowed as a result of the weakening of the Chinese market and in addition there has been a drop off in the level of export sales in the period. Whilst the first half of the year showed encouraging levels of both sales and profits, the board believes that the results for the second half and therefore the overall year ending 31 December 2012 will be affected by a combination of slower sales and decreased margins that the Company is facing in order to remain competitive.
The Board believes the revenue for the second half will be below that in the first half, and it currently estimates that the level of profitability in the first half will not be sustained in the second half such that operating performance is expected to be materially lower than market expectations.
Whilst the recent trading has been disappointing the board believe that the long-term fundamentals of its business are sound and that it is well placed to take advantage of any market upturn.
The Company has agreed a loan with ICBC bank in China for RMB1.6m which the Company will use for working capital.
Enquiries:
Hot Features
Premium
Frank Lewis, Chairman Asia Ceramic Holdings Tel: 07785 273 111
plc
Shawn Wu, CFO Asia Ceramic Holdings Tel: 86-10-68531389
plc
James Joyce WH Ireland Limited Tel: 020 7220 1666
James Bavister WH Ireland Limited
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTFDMFMFFESESS
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