Anhui Conch 3Q12 net down, China

Anhui Conch Cement said its net profit attributable to equity shareholders dropped 66.75 per cent YoY to CNY1.02bn (US$163m) for the third quarter ended 30 September 2012.

Operating revenue was CNY11.69bn, representing a 7.6 per cent decline from a year earlier. Operating profit dropped 69 per cent to CNY1.23bn.

For the first three quarters of 2012, net profit fell about 57 per cent YoY to CNY3.94bn.