Anhui Conch Cement Co Ltd, the biggest cement producer in Asia by output, announced that its net profit surged 74.12% YoY to CNY 6.17 billion in 2010, driven by increases in both cement prices and sales volume.

Earnings per share were CNY 1.75, up 74.12% YoY and the firm declared a cash dividend of CNY 3 per ten shares and a share dividend of five new shares for ten existing shares. Operating revenue grew 38.04% YoY to CNY 34.51 billion in 2010.

Last year, Anhui Conch Cement sold 137 million metric tonnes of cement and clinker, 15.89% more than in the previous year.

In 2010, the company added 25.2 million metric tonnes of clinker capacity and 40.1 million metric tons of cement capacity. By the end of last year, the company's clinker capacity had reached 130 million metric tonnes and cement capacity had hit 150 million metric tonnes.

(Sourced from China Knowledge)