Cement News tagged under: BBMG Corporation
BBMG Corp posts 17% fall in revenue in 202230 March 2023, Published under Cement NewsChina’s BBMG Corp has posted a 16.8 per cent YoY decline in revenue in 2022 to CNY102,822.2m (US$14,938m). Net profit over the same period fell 66.6 per cent to CNY1739.9m, while basic earnings per share contracted from CNY0.27 to CNY0.11. Sales of cement in 2022 came in at 78Mt, while clinker sales reached 8.9Mt, giving a combined annual sales volume of 86.9Mt, marking a 12.8 per cent YoY decline. According to the National Bureau of Statistics of China, national cement output in 2022 was... |
BBMG warns of 59% profit fall in 202213 January 2023, Published under Cement NewsChina-based cement producer BBMG Corp has announced that it expects to report a 52-59 per cent YoY decline in net profit attributable to shareholders in 2022. Net profit for the year is forecast come in at CNY1200m-CNY1400m (US$177m-207m). Net profit attributable to shareholders after deducting non-recurring profit and loss is predicted to be around CNY350m-550m, representing a YoY fall of 120-132 per cent. Over the same period the company recorded consolidated sales volumes of cement and... |
China's cement output rises by 6% in 1H1929 August 2019, Published under Cement NewsChina's total cement output rose by 6.8 per cent in 1H19 to 1.045bnt. This was the fastest growth in the last six years, even though cement supply was still constrained by the policies of 'staggering peak construction' and environmentally restrictive production'. National demand for cement saw a YoY increase of more than five per cent with the northern region showing the fastest growth. The pricing and supply-demand balance in northern China, particularly in Beijing, Tianjin and He... |
BBMG Corp expects increase in 2Q net profit14 July 2017, Published under Cement NewsBBMG 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. |
BBMG expects 1Q net profit to increase to CNY380-450m12 April 2017, Published under Cement NewsChina-based BBMG Corporation said it expects to achieve a net profit attributable to shareholders of CNY380m-450m (US$55m-65m) for the first quarter ended 31 March 2017, an increase from the CNY151m (US$21.9m) recorded in the same period of last year. An increase in operating results for 1Q17 is mainly due an increase in booked gross floor area for the property development segment compared with the same period of, thereby resulting in increased revenue and profit for the segment. The i... |
Enersize signs new order wtih BBMG, China22 March 2017, Published under Cement NewsEnersize Oyj of Finland has signed an agreement to provide its system for measurements and efficiency analysis of energy usage in industrial compressed air systems to the BBMG Liulihe Cement Plant in China. Enersize´s part of the yearly savings during the lifetime of the project will be agreed with the customer in the second project phase when the savings potential has been measured and identified through the Enersize system. Installation phase for the system will start in the second qua... |
China Resources Cement and BBMG sign strategic co-operation agreement20 December 2016, Published under Cement NewsChina Resources Cement said it has entered into a strategic co-operation agreement with BBMG Corporation. The parties will jointly explore the Chinese and overseas markets and further promote the advancement of the technology as well as the transformation and upgrade of the cement industry. Both companies will establish a market communications mechanism to strengthen the sharing of market information and experience in production, technology and business management on a regular basis, w... |
China: BBMG can be optimistic for 201606 May 2016, Published under Cement NewsBeijing Building Materials Group (BBMG) is looking favourably to the rest of the year as an upturn in its Chinese cement sales and higher prices are forecast. However, expansion overseas is not yet seen as a priority despite the Chinese President, Xi Jinping's, desire for Chinese firms to expand across southeast Asia. "Management remains positive on the demand pick-up in the region, given the support from the Beijing-Tianjin-Hebei (BTH) integration and overall improvement in the infrast... |
BBMG sees net profit slip 16.7%24 March 2016, Published under Cement NewsBBMG Corp reported a fall in net profit for 2015. Its net income fell 16.7 per cent to CNY2.02bn (US$310m), declining for a second straight year. The cement and building materials supplier aims to bring in revenues of CNY41bn in 2016, roughly level with last year's CNY40.9bn, it said in a filing to the Shanghai stock exchange. |
China: BBMG to issue CNY1bn medium term notes09 October 2015, Published under Cement NewsCement producer and property developer BBMG Corporation announced that it will issue CNY1bn (US$157.6m) medium term notes on the interbank market on 14 October 2015 to be used to repay bank loans. The corporation said in a statement that the medium term notes will be issued at the face value, and the coupon rate determined in the process of bookbuilding. The issue may be redeemable on the fifth year, but, if it continues, there will be a new adjusted rate. Both value date and payment due d... |