China’s largest cement maker said on Tuesday it had net profit of CNY333.76m (US$42.37m) for the three months ended September, up 180 per cent from CNY119.20m a year ago, based on Chinese accounting standards.
Core revenue climbed 46.8 percent to CNY3.93bn.
China’s government, fearful its economy would overheat, has been trying to cool investment to prevent a future glut in capacity and push a more consumption-driven economy.
But Anhui Conch said new rural and urbanisation construction projects sparked an increase in demand.
The firm sold 19.79Mt of cement and clinker during the three-month period, up about 39 per cent.
