Anhui Conch Cement net profit more than doubles in 3Q

Anhui Conch Cement net profit more than doubles in 3Q
Published: 26 October 2011

Anhui Conch Cement Co., Ltd., China’s biggest cement producer by output, said its net profit soared 124.66 per cent YoY to CNY3.06bn (US$482.4m) in the third quarter of 2011.

The profit upsurge was driven by increases in both cement prices and sales volume, Conch said in a statement filed with the Shanghai Stock Exchange on Wednesday.

Operating revenue stood at CNY12.6bn for the third quarter, according to Conch.