BBMG Corp issues profit warning, China

BBMG Corp issues profit warning, China
Published: 14 January 2015

Tagged Under: China BBMG Corp 

Chinese cement producer and property developer BBMG Corp said its 2014 net profit is expected to fall by up to 25 per cent from the year earlier, on weaker sales in the property market. The company did not give exact figures for its profit warnings, but said it posted a net profit of CNY3.2bn (US$523m) in 2013.