China: Beijing National Building Materials (BNBM) recorded a net profit of US$62.3m in 2019, down by 82% year-on-year from US$348m, ‘mainly caused by settlement fees.’ Its profit after deduction of non-recurring profit and loss was US$335m, down by 7.0% from US$359m in 2018. Its revenue rose by 6.0% to US1.88bn from US$1.77bn.
BNBM’s gypsum wallboard sales volumes were 1.97Bnm2, up by 5.2% year-on-year from 1.87Bnm2. This corresponds to a 2019 Chinese market share by volume of 59%.
