Anhui Conch Cement's Q1 Profit Rises 21%, Revenue Slips 11%

MT Newswires Live
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Anhui Conch Cement's (SHA:600585, HKG:0914) net profit attributable to shareholders in the first quarter rose 21% year on year to 1.81 billion yuan or 0.34 yuan per share, according to a Hong Kong Stock Exchange filing on Tuesday.

The Chinese cement manufacturer's attributable profit a year earlier was 1.50 billion yuan or 0.28 yuan per share.

The company's first-quarter revenue slipped 11% to 19.1 billion yuan from 21.3 billion yuan in the prior year, the filing said.

Anhui Conch Cement's Shanghai shares slid over 1% in recent trade.

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