trending Market Intelligence /marketintelligence/en/news-insights/trending/P8nJJlZ7MGx1sa3ykzOhoA2 content esgSubNav
In This List

Anhui Conch Cement Q3 profit falls YOY

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Anhui Conch Cement Q3 profit falls YOY

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.