On April 11, China Resources Cement Holdings (01313. HK) announced that the group expects to achieve a loss of about HK $35 million to HK $45 million in the first quarter of 2023, compared with a profit of HK $729.5 million in the same period last year. This was mainly due to: (1) a decrease in the selling price of the Group's products during the period as compared to the same period in 2022; and (2) a one-off gain on disposal of a subsidiary of HK $239.1 million in the first quarter of 2022.
