CR Building Materials Technology (01313) issues profit warning, expecting the owners' profit for 2024 to decrease by approximately 62% to 72% year-on-year.

13/02/2025

GMT Eight

CR BLDG MAT TEC (01313) announced that the group expects a decrease of approximately 62% to 72% in net profit attributable to owners of the company in 2024, compared to the previous year. The main reasons for this are: (1) a decrease in gross profit margin in the group's non-cement and concrete business in 2024 compared to 2023; (2) a one-time gain of RMB 163.6 million from the disposal of a subsidiary in 2023; and (3) impairment losses expected in 2024.

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Contact: contact@gmteight.com

CR Building Materials Technology (01313) issues profit warning, expecting the owners' profit for 2024 to decrease by approximately 62% to 72% year-on-year.

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