BBMG (HKG:2009) expects an attributable loss of between 300 million yuan and 600 million yuan in 2024, compared with an attributable profit of around 25.3 million yuan a year prior, a Thursday bourse filing said.

The building materials manufacturer attributed the anticipated swing to loss mainly to a decline in its average annual selling prices and sales volume of cement and clinker, as well as a lower selling price and gross profit margin of property projects.