Anhui Conch Cement's (SHA:600585, HKG:0914) attributable profit fell 48% to 3.49 billion yuan in the first half from 6.75 billion yuan, after adjustments, in the year-ago period, according to a Tuesday filing with the Hong Kong Stock Exchange.
Earnings per share at the cement manufacturer decreased over 48% to 0.63 yuan from 1.22 yuan in the previous year.
Revenue for the six months ended June 30 declined more than 30% to 45.57 billion yuan from 65.5 billion yuan a year earlier.
Shares slid nearly 5% in Hong Kong and 2% in Shanghai during Wednesday's morning trading.
Price (HKD): $20.57, Change: $-0.51, Percent Change: -2.42%
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