Anhui Conch Cement (OTCMKTS:AHCHY) Releases Earnings Results

Anhui Conch Cement (OTCMKTS:AHCHY) posted its quarterly earnings results on Wednesday. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24), Zacks reports. Anhui Conch Cement had a return on equity of 3.11% and a net margin of 8.02%.The business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.33 billion.

Anhui Conch Cement Stock Performance

Shares of OTCMKTS AHCHY opened at $11.32 on Friday. The company has a quick ratio of 3.30, a current ratio of 3.64 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average price is $11.14 and its two-hundred day moving average price is $12.66. Anhui Conch Cement has a 52-week low of $10.52 and a 52-week high of $17.11. The stock has a market capitalization of $11.93 billion, a P/E ratio of 12.72 and a beta of 0.21.

About Anhui Conch Cement

Anhui Conch Cement Company Limited (OTCMKTS: AHCHY) is one of China’s leading cement manufacturers, specializing in the production and sale of cement, clinker and related building materials. Headquartered in Wuhu, Anhui Province, the company operates an integrated network of production facilities that serve residential, commercial and infrastructure markets across multiple regions in China. Its product portfolio covers a broad range of cement types, including ordinary portland cement, blended cement and special-purpose cements for roads and high?performance construction projects.

Established in 1997 as part of the Anhui Conch Group’s expansion into building materials, Anhui Conch Cement was listed on the Shanghai Stock Exchange in 2003.