Conch Cement: Net profit of 1Q14 increased by 154.47%

Byrebecca3360

Updated Fri, 25 Apr 2014 13:32:47 GMT

Anhui Conch Cement Co (hereinafter referred to as ‘ the company”) released its results for 1Q14 on April 24 that in the first quarter of 2014, the company achieved operating income of 12.63 billion yuan and the net profit attributable to shareholders of the listing corporation of 2.47 billion yuan, a year-on-year growth of 27.5% and 154.47% respectively. The growth in profit during 1Q14 was mainly due to the YoY increase in product sales price.

The company said that the proportion of the demand from key projects and infrastructure reached 37% of the total recent demand, urban and rural market consumption accounted for 34%, and the demand from the real estate consumption remained 30%. And the demand stably grew.