H share Anhui Conch Cement has reported an unaudited profit after tax and minority interests of 35 million yuan (about HK$32.64 million) for the six months to June 30, up 15.84 per cent on the same period last year. The results, prepared using international accounting standards, also saw turnover jump 38.1 per cent to 468.82 million yuan. Earnings per share were four fen, up from three fen previously. It was decided that no interim dividend would be declared. Directors said the profit rise was due mainly to cost-control measures and improved operating efficiency. The directors said the company had also expanded market share by growing its sales network through setting up outlets along sections of the Shanghai-Hangzhou-Ningbo and Anhui-Jiangxi railway routes to facilitate delivery of its products. Chairman and general manager Guo Wensan said he expected the company to be able to boost profits in the second half with the help of government policies to stimulate economic growth and domestic demand and, in particular, to increase investment in highways. Aggregate sales volume of cement and clinkers amounted to 2.42 million tonnes, up 54 per cent over the same period last year.