China Resources Building Materials Expects 80% to 90% Profit Increase for First Half of 2025 Due to Higher Cement Prices and Lower Costs

Reuters
07-14
China Resources Building Materials Expects 80% to 90% Profit Increase for First Half of 2025 Due to Higher Cement Prices and Lower Costs

China Resources Building Materials Technology Holdings Ltd. has issued a profit alert, indicating that the company's profit attributable to its owners for the six months ending June 30, 2025, is expected to increase by approximately 80% to 90% compared to the same period in 2024. This significant growth is primarily attributed to higher selling prices and lower costs of sales for the company's cement products. As a result, the company anticipates an improvement in both consolidated gross profit and gross margin. This announcement is based on a preliminary assessment of the company's unaudited consolidated management accounts and other currently available information. It has not yet been audited or reviewed by an independent auditor, and thus may be subject to further revisions. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Resources Building Materials Technology Holdings Ltd. published the original content used to generate this news brief on July 14, 2025, and is solely responsible for the information contained therein.

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