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West China Cement (02233) sees huge growth in annual net
West China Cement (02233) said it expects to 
record a substantial increase in net profit for the year ended 31 December 2017 as 
compared to the corresponding period of 2016.
  Such expected growth is due to the factors including, cement average selling prices have
increased moderately in 2017 as compared to 2016. As a result, revenue of the Group for
the eleven months ended 30 November 2017 recorded an increase of about 28% as compared to
that for the eleven months ended 30 November 2016; and as a result of the rise in the
value of the RMB against the USD in the month of November 2017, as at 30 November 2017,
the Group has recorded an unaudited foreign exchange gain of Rmb125.9 million, mainly
arising from the foreign exchange translation from USD to RMB of the 2019 senior notes 
issued by the company in September 2014. This is compared with a foreign exchange loss of
the Group of Rmb157.5 million for the eleven months ended 30 November 2016.
  Its annual results announcement is expected to be released in March 2018.

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