Anhui Conch Cement Co Ltd Class A

600585: XSHG (CHN)
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Anhui Conch Cement Earnings: Lower Cement Prices Drag Margins, but Demand Recovery Supports Outlook

Anhui Conch Cement's revenue and gross profit decreased 4% and 35% year on year, respectively. Gross margin narrowed to 17.0% from 25.1% a year ago due to subdued cement selling prices and increased coal costs. Operating profit also plunged 89% amid higher marketing spending.

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