Anhui Conch issues positive profit alert

In its latest profit alert announcement, Anhui Conch Cement expects to have a significant improvement in results and record an increase of about 90-110 per cent in its net profit for the six months ended 30 June 2017 as compared to that for the corresponding period in 2016.

Taking into account the holding of about 36.78 per cent equity interest in Conch Cement by Conch Holdings and the level of the Group's profit attributable to Conch Holdings for FY2015 and FY2016, the group is forecast to record a relatively substantial increase of no less than 60 per cent in its net profit for 1H17 as compared to that for 1H16.