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

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

Anhui Conch Cement Stock Up 0.6%

OTCMKTS:AHCHY traded up $0.06 during trading hours on Friday, reaching $10.88. 28,238 shares of the company traded hands, compared to its average volume of 60,153. The stock has a market capitalization of $11.47 billion, a P/E ratio of 16.48 and a beta of 0.20. The business’s 50-day moving average price is $10.46 and its two-hundred day moving average price is $12.39. Anhui Conch Cement has a 1 year low of $9.72 and a 1 year high of $17.05. The company has a current ratio of 2.90, a quick ratio of 2.61 and a debt-to-equity ratio of 0.08.

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.