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China Anhui Conch Cement 3Q Net Falls 9%

Anhui Conch Cement, China's largest cement producer, said Tuesday its third-quarter net profit fell 9% from the same period last year as the domestic cement industry adjusted to government economic control measures.

The company said it expects its full-year net profit to fall more than 50%, due to price declines in cement and clinker because of the government's austerity measures and coal price rises.



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