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Article: Taiwan's cement firms see earnings growth in Q2.(Financial report)(Brief article)
- Article from:
- The Taiwan Economic News
- Article date:
- August 13, 2009
CopyrightCOPYRIGHT 2009 China Economic News Services. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Taipei, Aug. 13, 2009 (CENS) -- Due to the economic recovery and earnings from investments, Taiwan's leading cement producers, including Taiwan Cement Corp., Asia Cement Corp., Universal Cement Corp. and Glodsun development & Construction Co., all are expected to see higher earnings in the second quarter than that posted in the previous one.
An industry insider noted domestic demand for cement decline by 10% year-on-year in the first quarter of this year but the rate of decline has slowed in the second quarter because of economic recovery.
In addition, domestic public construction projects will fuel demand in the second half of this year. Also rising ...