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Anhui Conch Cement profits quadruple(China Daily)Updated: 2007-04-14 18:37 Anhui Conch Cement Co, China's biggest maker of the construction materials, quadrupled fourth-quarter profits. Net income climbed to 637 million yuan from 156 million yuan a year earlier, as sales rose 28 percent, the company announced on Friday. Construction spending in China rose 10 percent to $366 billion last year, compared to the 3 percent global average growth, according to Boston-based research firm Global Insight. (For more biz stories, please visit Industry Updates) |
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