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News Anhui Conch net profit drops by 45% to US$123m in first quarter of 2016

Anhui Conch net profit drops by 45% to US$123m in first quarter of 2016

Written by Global Cement staff 27 April 2016
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China: Anhui Conch Cement’s net profit has dropped by 45% year-on-year to US$123m in the first quarter of 2016 from US$233m in the same period in 2015. Its revenue fell by 5.5% to US$1.63bn from US$1.73bn. It attributed the decreases in profit and sales revenue to falling prices.

Published in Global Cement News
Tagged under
  • China
  • Anhui Conch
  • Results
  • GCW248

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