Apr. 20, 2012 (China Knowledge) - Anhui Conch Cement Co Ltd<600585
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The cement company realized RMB 8.86 billion in operating revenue in the first three months, 4.9% less than in the same period of 2011.
The company's cement sales rose 10.3% year on year to 33 million metric tons in the first three months, but its average sales price fell 13.8% year on year or 7% quarter on quarter to RMB 268 per metric ton.
Anhui Conch Cement earlier reported a net profit of RMB 11.59 billion for last year, reflecting growth of 87.8% year on year. Operating revenue jumped 40.99% year on year to RMB 48.65 billion last year.