CNBM Swings to Loss in H1 as Revenue Falls 19%

MT Newswires Live08-28

China National Building Material or CNBM (HKG:3323) swung to an attributable loss of 2.02 billion yuan in the first half from 1.40 billion yuan in the year-ago period.

The construction materials company swung to a loss per share of 0.239 yuan from earnings per share of 0.166 yuan a year prior, according to a Tuesday filing with the Hong Kong Exchange.

Revenue declined 19% to 83.5 billion yuan from 102.4 billion yuan a year earlier.

Price (HKD): $2.24, Change: $-0.16, Percent Change: -6.67%

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