China Resources Cement (01313) said it expects the Group's profit attributable to the owners for the nine months ending 30 September 2015 to significantly decrease as compared with that of the corresponding period in 2014.
Such decrease is primarily attributable to the lower selling prices of cement and clinker in China as compared with that of the corresponding period in 2014; and the depreciation of Renminbi against other currencies since the beginning of the third quarter in 2015, resulting in exchange loss generated from non-Renminbi denominated net borrowings.
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