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02009 BBMG
RTNominal up0.620 +0.010 (+1.639%)
Others

21/07/2021 14:01

BBMG (02009) expects 21-28% increase in interim net

[ET Net News Agency, 21 July 2021] BBMG Corporation (02009) said the group is expected
to record a net profit attributable to shareholders of the company between
RMB1,850,000,000 and RMB1,950,000,000 for the six months ended 30 June 2021, representing
an increase between 21% and 28% when compared with the same period of last year.
It was mainly because the COVID-19 epidemic was under effective control, resulting in a
significant improvement in the company's core business of cement and property development:
the aggregate sales volume of cement and clinker and the booked gross floor area of
property has recorded a year-on-year increase, thus leading to a year-on-year increase in
the operating revenue from principal business. Although the cost of coal increased
significantly during the six months ended 30 June 2021, the company effectively carried
out the "three reductions" special action, and the cost per RMB100 of operating revenue
decreased on a year-on-year basis. (RC)

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