Anhui Conch Cement Co Ltd, China's biggest cement producer by output, said itsnet profit soared 124.66 percent year-on-year to 3.06 billion yuan ($482.4 million) in the thirdquarter of 2011.
The profit upsurge was driven by increases in both cement prices and sales volume, Conchsaid in a statement filed with the Shanghai Stock Exchange on Wednesday.
Operating revenue stood at 12.6 billion yuan for the third quarter, according to Conch.
The share price of dual-listed Conch rose more than 4 percent in Shanghai in morning tradingand gained 2.6 percent in Hong Kong.
No comments:
Post a Comment