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News Anhui Conch’s first quarter sales rise by 38% to US$2.98bn

Anhui Conch’s first quarter sales rise by 38% to US$2.98bn

Written by Global Cement staff 24 April 2018
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China: Anhui Conch Cement’s sales revenue rose by 38% year-on-year to US$2.98bn in the first quarter of 2018 from US$2.16bn in the same period in 2017. Its net profit rose more than doubled to US$757m from US$341m, according to Dow Jones. The rise in sales and profits has been attributed to rising cement prices in smaller cities and demand from the Xiongan New Area project. The cement producer also said that it received a government subsidy of US$18m.

Last modified on 25 April 2018
Published in Global Cement News
Tagged under
  • China
  • Anhui Conch
  • Results
  • Prices
  • GCW350

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