Anhui Conch expects 50% rise in 2010 net profit

Anhui Conch expects 50% rise in 2010 net profit
Published: 11 January 2011

Anhui Conch Cement Co, China’s largest cement maker by output, said Monday it expects its 2010 net profit to rise at least 50% from a year earlier, boosted by strong demand for cement and higher product prices.

The Hong Kong- and Shanghai-listed company said in a statement its 2009 net profit was CNY3.54bn (US$534.7m).