Anhui Conch first-half net profit rises, China

Anhui Conch Cement Co Ltd reported a net profit of CNY3.06bn (US$500.6m) in the first half of 2013, a rise of 4.89 per cent rise compared to the same period of the year before.

The company's gross profit margin rose 1.40 percentage points to 28.49 per cent in the period, due mainly to lower raw material cost. 

Operating revenue rose 14.73 per cent YoY to CNY23.59bn in the first half, boosted by an increase in the sales volume of cement and clinker.

Sales of cement and clinker totalled 103Mt in the first six months, 28.30 per cent more than in the same period of last year.