BBMG Corp expects 1Q net profit drop, China

BBMG Corp expects 1Q net profit drop, China
Published: 23 July 2012

Tagged Under: BBMG Corp China 

BBMG Corp expects its net profit to fall 12.75 per cent in the first half of 2012 to CNY1.43bn (US$223.9m) due to declining cement prices amid weak demand.

The company’s operating revenue was forecast to rise 14.84 per cent YoY to CNY15.02bn in the first six months, according to reports in China Business Knowledge.

The Beijing-based cement producer earlier reported a net profit attributable to shareholders of CNY293m in the first quarter of 2012, 32.94 per cent less than the corresponding period of 2011.