Conch expects 90% rise in 1Q net profit

Conch expects 90% rise in 1Q net profit
Published: 09 April 2010

Anhui Conch Cement Co said that its net profit for the first quarter of this year, excluding minority interests, grew about 90% due to higher product prices, sources reported.

The cement producer recorded RMB 408.9m in net profit, excluding minority interests, in the first quarter of 2009.

In a statement filed with the Shanghai Stock Exchange, Anhui Conch said that its product prices and sales volume were higher in the first quarter this year than in the same period of last year. The company is scheduled to release its quarterly financial results today.