Reported 8 months ago
Asia Cement held its shareholders' meeting on June 25, 2024, with Chairman Hsu Hsueh-tung reporting an earnings per share of NT$3.28 for 2023 and approving a NT$2.1 dividend, yielding a dividend rate of 4.7%. Hsu emphasized the company's continuous profitability over 62 years since going public, with dividends exceeding NT$60. Asia Cement's strategy includes focusing on its core business, expanding into non-core businesses and financial investments, with subsidiaries like Chiahui Power playing a key profit role. Despite the challenging cement market in Mainland China, Asia Cement's subsidiary in Taiwan achieved record operations, providing strong support to the parent company. Hsu remains optimistic about the Mainland market and the company's future development direction.
Source: YAHOO