HUAIBEI GD CO (02450) issues a profit warning,14002000.
Huabei Green Gold Co., Ltd. (02450) announced that it expects the group to record a loss attributable to owners of the company in the range of approximately RMB 14 million to RMB 20 million for this period, compared to a loss of approximately RMB 2.8 million attributable to owners of the company in the same period last year. The losses are mainly due to (i) further declines in aggregate prices during the reporting period; and (ii) a decrease in sales caused by a sluggish real estate and infrastructure market.
HUAIBEI GD CO (02450) announced that it expects the Group to record a loss attributable to the owners of the Company in the range of approximately RMB 14 million to RMB 20 million during this period, compared to a loss of approximately RMB 2.8 million attributable to the owners of the Company in the same period last year. The loss is mainly due to (i) further declines in aggregate prices during the reporting period; (ii) a drop in sales caused by the sluggish real estate and infrastructure market.
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