Anhui Conch - April 2018
2017 marked a 34.65 per cent increase in revenue YoY for Anhui Conch, taking it to CNY75,310m (US$11,991m). Net attributable profit to equity shareholders came in at CNY15,898m for the year, 85.43 per cent up on 2016. Rising costs remain a challenge with consolidated costs increasing 20.77 per cent in 2017, mainly driven by a substantial increase in the price of coal. Raw material and fuel costs were also up, expanding by 17.42 and 61.78 per cent YoY, respectively. Increased domestic demand caused export sales volumes and revenues to decline by 27.56 and 9.11 per cent, respectively.
