China National Building Materials anticipates first-half loss

Written by Global Cement staff 09 July 2024

China: China National Building Materials (CNBM) expects to report an unaudited loss of approximately US$275m for the first half of 2024, a significant downturn from a net profit of US$192.5m in the same period in 2023.

CNBM has attributed the anticipated loss to decreased selling prices and reduced sales volumes for key construction materials such as cement.

Last modified on 10 July 2024

Published in Global Cement News

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