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News China National Building Material expects profit to halve in first nine months of 2022

China National Building Material expects profit to halve in first nine months of 2022

Written by Global Cement staff 11 October 2022
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China: China National Building Material (CNBM) expects its profit to decline by 50% year-on-year in the first nine months of 2022. The group said that this will be due in part to reduced cement sales, increased costs resulting from high coal prices and a 'substantial' decline in the value of its financial assets.

Last modified on 12 October 2022
Published in Global Cement News
Tagged under
  • China
  • Outlook
  • Forecast
  • China National Building Material
  • CNBM
  • costs
  • Coal
  • Finance
  • GCW578
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