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Anhui Conch Cement's profit down 67% in Q3

Oct. 25, 2012 (China Knowledge) - Anhui Conch Cement Co Ltd<600585><0914>, the biggest cement producer in Asia by output, has announced its net profit attributable to shareholders plunge 66.75% YoY to RMB 1.02 billion in the third quarter of this year.

According to a statement filed with Shanghai Stock Exchange, basic earnings per share for the period were RMB 0.19.

From July to September, the cement producer's operation revenue hit RMB 11.69 billion, less than RMB 12.65 billion it realized in the corresponding period of 2011.

In the first nine month of this year, Anhui Conch Cement saw its operation revenue amount to RMB 32.25 billion, down 7.8% from a year earlier, while its net profit for the period dropped 57.48% YoY to RMB 3.95 billion.







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