Anhui Conch sees Q1 profit steady; volume sales up

HONG KONG, April 6 (Reuters) - Top Chinese cement maker Anhui Conch Cement (0914.HK) sold 15 percent more cement in volume terms in the first quarter of 2009 despite concerns over possible oversupply of the material, a senior executive said.

But its profit in the first quarter is expected to remain steady from the same period last year, executive director Guo Jingbin said on Monday.

The company (600585.SS), which posted a 5 percent rise in 2008 profit to 2.6 billion yuan ($380.4 million), said last week it planned to issue up to 9.5 billion yuan worth of corporate bonds in China, raising capital to repay loans and improve its financial structure. ($1=6.834 Yuan) (Reporting by Joy Leung; Editing by Jonathan Hopfner)