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RAYMOND IND expects 9-mth profit down 48.3% YoY
22 Oct 2019
(Infocast News) Raymond Industrial (00229) announced that the group is expected to record a YoY decline of 48.29% in unaudited net profit for the nine months ended 30 September.

The main reasons for the expected decline in net profit were due to (1) a drop in revenue compared with FY2018; and (2) delay or suspension of a few new products launch as a result of uncertainties arising from Sino-U.S. trade dispute.

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