China Resources Building Materials Technology (HKG:1313) expects its profit attributable to owners to decrease by 47% to 57% for the nine months ended Sept. 30, compared with a year ago period, a Monday filing with the Hong Kong Exchange said.
The company attributed the decrease in its expected attributable profit to decreases in its consolidated gross profit and margins for the period resulting from lower selling prices for its cement and concrete products during the reviewing period as compared to last year.
The cement and concrete producer's shares closed over 2% higher on Monday.
Price (HKD): $1.97, Change: $+0.040, Percent Change: +2.07%
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