Aeolus Tire realized profit in Q2' 2018
Aeolus Tire released its half-year report of 2018 on July 19.
Although the company was still in deficit in the first half year of 2018, it started to realize profit in the second quarter.
Statistics showed that the company posted 3.13 billion yuan of sales revenue in the first half year of 2018, yearly increasing 16.3% compared to the same period of 2018. At the same time, the company realized 90,899,700 yuan of deficit, yearly down by 19.2%.
The company reported 102 million yuan of net deficit in the first three months, which means 11,909,000 yuan of net profit in the second quarter.
The company said it adjusted production construction to lift operation benefit and reduce low-gross production, which help the company turns green in the second quarter.
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
