China: BBMG’s net profit for the first quarter of 2017 expected to at least double to US$55m from US$21m in the same quarter in 2016. The cement producer says the jump in profit is due to bookings for its property development business, although it added that an increase in cement and clinker prices had also contributed. The company’s shares bounced in early April 2017 following the announcement of the Xiongan New Area special economic development zone.
BBMG profit set to double following Xiongan development announcement
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