Anhui Conch - October 2019

Anhui Conch has announced its results for the third quarter of 2019. For the three-month period from 1 July 2019 to 30 September 2019, the company reported revenue of CNY110.7bn (US$15.66bn), which marks a 42.37 per cent uptick YoY compared to CNY77.7bn in the same period last year.

Net profit for the 3Q19 came in at CNY28.8bn, up 14.96 per cent, while basic earnings per share improved from CNY3.90 in the 3Q18 to CNY4.49 in the same period this year.

Operating costs over the quarter advanced by 32 per cent due to an increase in product sales.