Sinoma forecasts massive drop in net profit
Written by Global Cement staff
China: On 2 July 2012 China National Materials Co. Ltd. (Sinoma) announced that it expects its net profit to drop by 30-50% year-on-year in the first half of 2012. It took US$116.3m in the same period of 2011. Sinoma said the significant drop in net profit was in part due to a loss from an overseas project.
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