Anhui Conch Cement (OTCMKTS:AHCHY) Posts Quarterly Earnings Results, Misses Expectations By $0.36 EPS

Anhui Conch Cement (OTCMKTS:AHCHY) issued its quarterly earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.36), Zacks reports. Anhui Conch Cement had a return on equity of 2.25% and a net margin of 5.85%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.95 billion.

Anhui Conch Cement Stock Up 0.6%

OTCMKTS:AHCHY traded up $0.06 during midday trading on Friday, reaching $10.88. The company had a trading volume of 28,238 shares, compared to its average volume of 60,153. Anhui Conch Cement has a 12-month low of $9.72 and a 12-month high of $17.05. The firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of 16.48 and a beta of 0.20. The company has a current ratio of 2.90, a quick ratio of 2.61 and a debt-to-equity ratio of 0.08. The stock’s fifty day simple moving average is $10.46 and its 200-day simple moving average is $12.39.

About Anhui Conch Cement

Anhui Conch Cement Company Limited is a China-based building materials manufacturer headquartered in Wuhu, Anhui Province. The company primarily produces and sells cement and cement clinker, which are used in residential, commercial and infrastructure construction.

Anhui Conch operates an integrated production network that includes limestone mining, raw-material processing, clinker production, cement grinding and distribution. Its product portfolio serves construction projects and may also include related building-material products and services through affiliated businesses.

Established in 1997, the company has expanded its operations across multiple regions of China and into selected international markets through overseas subsidiaries and production facilities.