Conch Cement Forecasts 20% Rise in Q1 Attributable Profit

MT Newswires Live

04/08

Anhui Conch Cement (HKG:0914, SHA:600585) forecasts its attributable profit will rise about 20% to 1.81 billion yuan in the first quarter from 1.50 billion yuan in the year-ago period.

The cement manufacturer attributes the upbeat forecast to higher sales volume and lower product costs, according to a Tuesday filing with the Hong Kong bourse.

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