North Industries Group Red Arrow Expects 2025 Profit Swing

MT Newswires Live

Jan 23

North Industries Group Red Arrow (SHE:000519) expects 2025 attributable net profit to range between 34 million yuan and 46 million yuan, compared with a loss of 327.3 million yuan the previous year.

Basic earnings per share will range between 0.0244 yuan and 0.0330 yuan, compared with loss per share of 0.2351 yuan, according to a Friday filing with the Shenzhen bourse.

The defense product manufacturer said the profit swing was due to higher product delivery revenue and maintenance of industrial diamond market share.

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