China Resources Building Materials Technology: Expected First Half Profit Decreased by About 65% to 75% over the Same Period Last Year

12, China Resources Building Materials Technology issued a profit warning that the company's attributable earnings for the six months ending June 30, 2024 are expected to decrease by about 65% to 75% compared with the same period in 2023. This was mainly due to the decrease in the sales price of the Group's cement products and concrete during the period as compared with the corresponding period in 2023, resulting in a decrease in the consolidated gross profit and consolidated gross profit margin.