BBMG Corp expects increase in 2Q net profit

BBMG Corp said it expects to record a net profit attributable to shareholders of between CNY1825m (US$269m) and CNY1900m for the six months ended 30 June 2017, as compared to the net profit of about CNY1821m for the same period last year.

With the significant increase in the unit prices for cement and clinker in the first half of 2017 compared with the same period of last year, the profit for the cement segment increased significantly YoY, the company said.