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

22:25 13/02/2025

China Resources Building Materials Technology (01313) announced that the group expects the company's attributable profit to decrease by approximately... in 2024 compared to the previous year.

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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