Carote Flags Upto 35% Profit Drop in 2025

MT Newswires Live02-09 16:55

Carote (HKG:2549) expects profit to fall about 25% to 35% in 2025 from a year earlier, according to a Monday Hong Kong bourse filing.

Revenue is forecast to rise about 3% to 5% over the same period, the company said.

The expected profit decline was attributed mainly to higher costs from additional U.S. tariffs on steel and aluminium products, as well as foreign-exchange losses from a weaker U.S. dollar against the yuan.

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