BBMG expects to post first-quarter loss

BBMG expects to post first-quarter loss
Published: 22 April 2013

Tagged Under: Results BBMG Corp 

China-based cement producer BBMG Corp said it expects to record a loss attributable to shareholders of about CNY60m (US$9.7m) for the first quarter of 2013 compared to CNY294m profit in the same period of last year.

The loss is attributed to lower selling prices in the areas in which BBMG’s subsidiaries operate due to lower demand. (Source: ET Net News Agency).