Anhui Conch Cement Co. Ltd. said its normalized net income for the third quarter came to 23 fen per share, compared with the S&P Capital IQ consensus estimate of 26 fen per share.
EPS decreased 34.3% year over year from 34 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.21 billion yuan, a decline of 34.0% from 1.84 billion yuan in the prior-year period.
The normalized profit margin fell to 8.8% from 12.3% in the year-earlier period.
Total revenue declined 7.7% year over year to 13.75 billion yuan from 14.89 billion yuan, and total operating expenses totaled 11.96 billion yuan, compared with 11.87 billion yuan in the year-earlier period.
Reported net income declined 40.6% from the prior-year period to 1.40 billion yuan, or 26 fen per share, from 2.35 billion yuan, or 44 fen per share.
As of Oct. 26, US$1 was equivalent to 6.35 yuan.
