China Knowledge reported that BBMG Corp, a Beijing based building materials manufacturer expected its net profit to fall 12.75% YoY to CNY 1.43 billion in the first half of this year.

The company said in a statement that earnings per share were CNY 0.33 in the period.

BBMG attributed the decline in the profit to a decrease in cement prices amid weak demand.

The company operating revenue was forecasted to rise 14.84% YoY to CNY 15.02 billion in the first six months.

The cement producer earlier reported a net profit attributable to shareholders of CNY 293 million for the first quarter of this year down by 32.94%YoY.
Source - China Knowledge

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