BBMG Corp sees net profit fall 50%

China’s BBMG Corp has seen its net profit fall 50 per cent YoY to CNY1.52bn (US$219.6m) for the first half of 2020. Operating revenue also declined 8.3 per cent to CNY40.93bn, attributed to a dip in results from the cement and ready-mix concrete segments.

The company has stated that cement sales rebounded in the second quarter, but its future development will face certain risks as the COVID-19 crisis continues.