China: Anhui Conch has reported that its revenue fell by 0.05% year-on-year to US$5.6bn in the first nine months of 2016. Its net profit fell by 2.2% to US$881m from US$901m. Although after extraordinary items, due to government subsidies and asset disposals, its profit rose by 28% to US$782m. No comment was made on the results but the cement producer did note that its prepayments for coal and other raw materials and fuel rose during the third quarter of the year.
Anhui Conch revenue holds steady in first nine months of 2016
URL: https://globalcement.com/news/item/5444-anhui-conch-revenue-holds-steady-in-first-nine-months-of-2016
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