Raymond Industrial Expects 27% Lower Net Profit in 2024

MT Newswires Live

2025/01/24

Raymond Industrial (HKG:0229) expects a 27% year-over-year decrease in net profit in 2024, a Friday filing stated.

The appliance manufacturer attributed the forecast mainly to lower gross margins resulting from weaker sales revenue and increased operating costs in Indonesia caused by geopolitical tensions between China and the US.

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