China Resources Cement Expects Sharp Profit Fall

China Resources Cement Holdings (HK:1313) has released an update.

China Resources Cement Holdings forecasts a significant decline in profits, anticipating a 65% to 75% drop for the six months ending June 30, 2024, compared to the same period in 2023. The decrease is primarily due to lower selling prices for cement products and concrete, which negatively impacted the company’s gross profit and margin. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.

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