Economy & Market

Rise in profit expected by Anhui Conch for 2011

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Chinese cement manufacturer Anhui Conch Cement Co Ltd stated that it is expecting an 80 percent rise in its net profit for 2011.As per a filing with the Shanghai Stock Exchange, the tremendous growth rate has been attributed to rise in both sales price and volume. No further specific rates were disclosed by the company for its performance in 2011.

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