BBMG Expects H1 Loss to Widen; Shares Fall 7%

MT Newswires Live

07/15

BBMG (HKG:2009) said it expects its H1 loss to widen year over year, according to a Hong Kong bourse filing Monday.

Shares of the building materials seller fell nearly 7% in morning trade Tuesday.

The company expects an attributable loss of 1.3 billion yuan to 1.6 billion yuan for the six months ended June 30, widening from 806.7 million yuan in losses posted in the same period last year.

BBMG said it will announce its financial results in August.

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