Anhui Conch Cement's operating profit down 31% for the first nine months of 2015

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China: Anhui Conch Cement's operating profit fell by 31% year-on-year to US$1.1bn in the first nine months of 2015 as weak demand and price competition took a toll. Its revenue dropped by 13% to US$5.96bn.

Chinese demand for cement has languished following a rush of infrastructure building. Domestic cement production shrank by about 5% year-on-year to roughly 1.7Bnt during the first nine months of 2015, according to the National Bureau of Statistics.

Last modified on 04 November 2015

URL: https://globalcement.com/news/item/4294-anhui-conch-cement-s-operating-profit-down-31-for-the-first-nine-months-of-2015

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