Conch Cement: The net profit in the first three quarters is 51.98 billion yuan, and the 同比下降40.05 is%.

2024-10-29 21:02:47

The change in results was mainly due to the year-on-year decrease in sales volume and prices of the Group's cement business products, resulting in a year-on-year decrease in operating income and profit.

On the evening of October

29, Conch Cement announced that the company's revenue in the first three quarters was 68.15 billion yuan, down 31.27% year-on-year, and its net profit was 5.198 billion yuan, down 40.05% year-on-year; Net profit after deduction of non-attributable profits was RMB4.879 billion, representing a year-on-year decrease of 40.18%; basic earnings per share was RMB0.99. The change in

results was mainly due to the year-on-year decrease in sales volume and prices of the Group's cement business products, resulting in a year-on-year decrease in operating income and profit.

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Adani is also a big man in the Indian cement industry and is the second largest cement producer in India. He entered the industry in 2022 with the acquisition of Holcim's cement business in India, which acquired about 70 million tons of cement per year for $10.5 billion. Adani plans to expand its annual cement production capacity to 140 million tons by 2028. Adani has previously invested $1.6 billion to acquire Sanchi Cement and Penna Cement, and is expected to acquire an additional 21 million tons of production capacity.