China’s Anhui Conch Cement sees 50 per cent growth in 2007 net profit

China’s Anhui Conch Cement sees 50 per cent growth in 2007 net profit
Published: 21 January 2008

Anhui Conch Cement Co Ltd said it expects its 2007 net profit to rise more than 50 per cent YoY on the back of strong sales. The company said the sales of cement and clinker by volume increased last year compared with the same period in 2006 - and product prices rose as well. Anhui Conch recorded a net profit of 1.43 bln yuan in 2006 and earnings per share of 1.14 yuan, under Chinese accounting standards.