Anhui Conch Cement Co - August 2014
Anhui Conch has posted a 22 per cent YoY increase in revenue to US$4.68bn in 1H14. Net profit was also up by an impressive 90 per cent to US$945m, on the back of increased sales volumes and prices. Over the same period, the company saw aggregate net sales volumes of cement and clinker rise by 9.85 per cent YoY to 114Mt.
In the first half of 2014 Anhui Conch has continued its expansion by acquiring four cement projects, commencing work on three clinker production lines and as many as 10 grinding units. It has also installed four residual heat electricity generation units.