Cement News tagged under: China.North Asia

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CNBM profit to fall 65% in 2023

31 January 2024, Published under Cement News

China National Building Materials (CNBM) has issued a profit warning for 2023, reports MarketScreener. According to the company, unaudited profit attributable to the equity holders of CNBM is forecast to decline by 65 per cent in 2023, compared to the previous year. The contraction is being attributed to a fall in the sales price of cement, commercial concrete and glass fibre, and lower sales volumes of cement and commercial concrete. The company has also noted a decline in performance...