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Raymond Industrial Limited ( (HK:0229) ) has shared an update.
Raymond Industrial Limited has announced a profit warning, indicating an expected decline of approximately 27.23% in net profit for the fiscal year ending December 31, 2024, compared to the previous year. This decline is attributed primarily to reduced sales revenue, resulting in lower gross margins, and increased operating costs due to operations in Indonesia aimed at mitigating geopolitical risks from the US-China trade dispute.
More about Raymond Industrial Limited
YTD Price Performance: -1.11%
Average Trading Volume: 99,500
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$446.2M
For a thorough assessment of 0229 stock, go to TipRanks’ Stock Analysis page.