China: China National Building Material Co (CNBM), a major State-owned cement producer in China, has reported a net profit of US$575m for the first nine months 2012, a year-on-year decrease of 40%. Operating revenue during the period rose by 7% to US$9.58bn. Net profit for the third quarter fell by 29% to US$271m, while operating revenue rose by 2% to US$3.46bn.
