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.