Anhui Conch expects 80% rise in net profit, China

Anhui Conch, China’s largest cement producer by output, said today it expects to register an increase of over 80 per cent for the year ended 31 December 2011. The company attributes the rise to higher product prices and sales volumes as it continued to respond to changes in the macroeconomic environment, strengthen its internal operations and enhance its integration into regional markets.

For 2010, the Hong Kong and Shanghai-listed company achieved a net profit of CNY6.17bn (US$0.977m) according to Chinese accounting standards.