Overseas Cement and Energy Businesses Boost TCC's July Revenue with Dual Growth

The two major cement companies announced their July revenue figures today (10th). TCC (1101-TW) achieved revenue of NT$13.74 billion in July, representing a 2.7% month-on-month increase and a 1.5% year-on-year growth, supported by contributions from its overseas cement and energy businesses. Cumulative revenue for the first seven months reached NT$85.211 billion, marking a 1.54% year-on-year increase and setting a new historical high for the same period.

In the cement segment, OYAK Cimento in Turkey reported a year-on-year revenue decline of NT$370 million in July. However, driven by higher sales volume and prices, its cumulative revenue for the first seven months increased by NT$1.002 billion year-on-year. Cimpor in Portugal saw a year-on-year revenue increase of NT$313 million in July. Supported by higher cement selling prices, its cumulative revenue for the first seven months rose by NT$2.136 billion year-on-year.

In the energy segment, Heping Power recorded a year-on-year revenue increase of NT$99 million in July, with cumulative revenue for the first seven months up by NT$2.85 billion year-on-year. This growth was primarily due to increased operating days of power generation units compared to the same period last year, leading to higher electricity output and boosting overall revenue.

At the end of last month, TCC officially launched its European listing initiative (Project Arcadia), marking the beginning of its strategic expansion into European capital markets. The company will convene a board meeting on August 12 to approve its Q2 financial results and is expected to review the European listing proposal.