Anhui Conch Cement profit falls by 32% to US$1.16bn in 2015

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China: Anhui Conch Cement has reported that its net profit fell by 30% year-on-year to US$1.16bn in 2015. Its revenue fell by 16% to US$7.63bn. It blamed the poor financial results on slower fixed-asset investment and a slowing housing market limiting the demand of cement and pushing prices down.

The producer's cement output grew by 2% to 224Mt in 2015. Its cement production capacity reached 290Mt/yr by the end of 2015.

Last modified on 30 March 2016

URL: https://globalcement.com/news/item/4748-anhui-conch-cement-profit-falls-by-32-to-us-1-16bn-in-2015

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