China Hainan Rubber Industry Forecasts Up to 73% Decline in 2024 Profit

MT Newswires Live

2025/01/28

China Hainan Rubber Industry Group (SHA:601118) projects an up to 73% decline in 2024 profit due to lower non-operating income from asset disposals and significant asset losses caused by Typhoon Mojie.

The natural rubber distributor expects attributable net profit to range between 80 million yuan and 120 million yuan in 2024, down from 297.1 million yuan the previous year, according to a Tuesday filing with the Shanghai bourse.

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