China Resources Building Materials Technology Holdings Ltd

01313: XHKG (HKG)
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China Resources Building Materials Earnings: Valuation Cut by 9% on Lower Aggregates Profit

In line with its profit warning, China Resources Building Materials reported a 14% decline in third-quarter revenue and a net loss of CNY 399 million, compared with a net profit of CNY 24 million a year earlier. Gross margin plunged to 6.2% from 13.6% due to lower product selling prices.

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