China National Building Material Co (DE:D1Y) has released an update.
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China National Building Material’s subsidiary, Tianshan Material, reported a significant decline in its financial performance for the nine months ending September 2024, with a 23.55% drop in operating revenue and a net loss exceeding 3.7 billion RMB. The company’s basic earnings per share plummeted by over 7,700%, raising concerns among investors about the financial health of this key player in the building materials sector.
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