Anhui Conch Cement net profit more than doubles
Updated: 2011-10-26 16:07
(Xinhua)
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BEIJING -- Anhui Conch Cement Co Ltd, China's biggest cement producer by output, said its net profit soared 124.66 percent year-on-year to 3.06 billion yuan ($482.4 million) 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 12.6 billion yuan for the third quarter, according to Conch.
The share price of dual-listed Conch rose more than 4 percent in Shanghai in morning trading and gained 2.6 percent in Hong Kong.
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