Anhui Conch 1Q net profit sees 27% hike

Chinese cement major Anhui Conch Cement Co posted a 27.3 per cent YoY increase in net profits in the first quarter of 2019 following strong growth last year.

Conch Cement said in a filing to the Shanghai Stock Excchange it earned a net profit of CNY6.08bn (US$903.5m) in the first three months of the year. Revenues surged 62.5 per cent to CNY30.5bn.