Conch: gross margin to hit new record
Anhui Conch Cement said its gross margin is expected to set a new record high in the fourth quarter this year, up from 29.19 per cent in the third quarter, reports caijing.com.cn, citing the firm’s securities representative Yang Kaifa.
The fourth quarter is traditionally the high season for cement sales in eastern and southern China, Yang said. Conch Cement launched a nationwide price hike between September and October by between 10-CNY50/t.
The company put into use five new cement production lines in the second half year.
According to the company’s latest report, eastern and southern regions respectively contributed 37 percent and 24 percent of total revenue.
Published under Cement News
