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.
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