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

Byjirong

Updated Thu, 28 Apr 2016 15:17:46 GMT

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.