Triangle Tire net profit down 2.6% in Q1 2017

Despite a 36.3 per cent increase in operating income to RMB 2.2 billion (£249.4 million) in the first quarter of 2017, Triangle Tire reports that its year-on-year net profit declined 2.6 per cent in the first three months of the year to RMB 156.9 million (£17.8 million).

The tyre maker’s full first quarter results are currently only available in Chinese, and can be downloaded here.     _sg