06:28 AM EDT, 08/05/2022 (MT Newswires) -- CPM Group (HKG:1932) said it expects to incur a significant loss attributable to the shareholders of between HK$47 million
and HK$54 million ($6 million to $6.9 million) for the first half ended June 30, higher than HK$16.8 million a year earlier.
The company attributed the downbeat projection to significant decreases in sales revenue of paint and coating products in China ; a jump in the international crude oil prices; as well as increased prices of raw materials and packaging materials in China, according to a Friday bourse disclosure.
CPM said it will publish the first half results by end-August.
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