<p>China National Building Material (03323.HK) issued a profit warning, expecting a profit of approximately 1.35 billion RMB for the six months ending in June, compared to a loss of 2.018 billion RMB in the same period last year. The reasons include an increase in sales prices of the group's main products, cement and fiberglass, a decrease in sales costs, a reduction in sales costs of ready-mixed concrete, an increase in sales of wind turbine blades and coatings, and a decrease in net losses from changes in the fair value of financial assets, although this was partially offset by a decline in cement sales</p>

03323

<p>CNBM announced a profit warning, expecting a profit of approximately 1.35 billion RMB for the six months ending in June, compared to a loss of 2.018 billion RMB in the same period last year. The reasons include an increase in sales prices of the group's main products, cement and fiberglass, a decrease in sales costs, a reduction in sales costs of ready-mixed concrete, an increase in sales of wind turbine blades and coatings, and a decrease in net losses from changes in the fair value of financial assets, although this was partially offset by a decline in cement sales</p>

"Profit Alert" CNBM forecasts a turnaround, earning 1.35 billion RMB in the first half of the year