Anhui Conch Cement net profit more than doubles in 3Q

Anhui Conch Cement net profit more than doubles in 3Q
26 October 2011


Anhui Conch Cement Co., Ltd., China’s biggest cement producer by output, said its net profit soared 124.66 per cent YoY to CNY3.06bn (US$482.4m) in the third quarter of 2011.

The profit upsurge was driven by increases in both cement prices and sales volume, Conch said in a statement filed with the Shanghai Stock Exchange on Wednesday.

Operating revenue stood at CNY12.6bn for the third quarter, according to Conch.

Published under Cement News