China National Building Material Co. Issues Profit Warning

China National Building Material Co (DE:D1Y) has released an update.

China National Building Material Co. has issued a profit warning, revealing an expected unaudited loss of approximately RMB700 million for the first nine months of 2024. The significant downturn from a profit of RMB2,353 million in the same period last year is attributed to declining sales prices and volumes of key products like cement and glass fibre. Investors are urged to exercise caution as these preliminary figures await final confirmation.

For further insights into DE:D1Y stock, check out TipRanks’ Stock Analysis page.