Rexroth International (02222) expects profit attributable to company owners to be reduced to no more than US$1 million in the medium term

According to Zhitong Finance App, Rays International (02222) issued an announcement. The board of directors predicts that (i) the Group will obtain net profit of not more than US$1.1 million in the six months ending June 30, 2026, and net profit of about US$15.2 million in the six months ending June 30, 2025; (ii) the profit attributable to the company's owners in the medium term will be reduced to no more than US$1 million, compared to approximately US$15.2 million during the same period.

According to the Board of Directors, the expected decrease in net profit in the medium term is mainly due to the increase in net loss due to the associated company's net loss from about 570,000 US dollars to about 4.24 million US dollars in the medium term; other profit and loss, mainly due to net exchange gain/loss, which changed from about 4.7 million US dollars in the same period to a net exchange loss of about 2.6 million US dollars in the medium term, and the net return on fair value of financial assets decreased from about 3.6 million US dollars in the same period to about 800,000 US dollars in the medium term.