Huarun Building Material Science and Technology (01313) announced that the group expects the profit attributable to the owner of the company (net return to the mother) to decrease by about 47% to 57% in the first nine months of 2024 compared with the same period last year. 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.
It is understood that in the same period of 2023, the turnover of China Resources Building Materials Technology was about HK $17.893 billion, and the profit attributable to the owner was HK $710 million.
