CNBM: Expected loss attributable to equity holders in the first three quarters of about 700 million yuan

CNBM announced that it expects the Group 's unaudited loss attributable to equity holders to be approximately RMB700 million for the first three quarters of 2024, compared with a profit attributable to equity holders of approximately RMB2.353 billion for the same period in 2023.

The aforesaid expected decrease was mainly due to the decrease in the selling prices of the Group's major products, namely cement, commercial concrete and glass fibre, the decrease in the sales volume of cement and the decrease in the share of results of associates , but was partially offset by the decrease in the cost of sales of cement and commercial concrete. As well as a decrease in the net loss from changes in fair value of the Group's financial assets recognised at fair value through profit or loss.