Gelonghui, April 17, 丨 China Building Materials (03323.HK) announced that the company expects the loss due to unaudited equity holders for the three months ending March 31, 2024 to be approximately RMB 130 million, while the loss attributable to equity holders for the same period last year (as restated) is approximately RMB 526 million.
This decline in expectations is mainly due to a decrease in sales prices of the Group's main products cement, commercial concrete and glass fiber, a decline in the performance of the associated companies, an increase in exchange losses, and an increase in net losses due to changes in the fair value of the Group's financial assets confirmed by fair value in profit and loss accounts, but this was partly offset by a decrease in sales costs of cement and commercial concrete.