Triangle reports flat profit on revenue decline

Weihai, China – Triangle Tyre posted flat net profit of €76 million (567 million yuan) over the first nine months of 2016. Revenue declined by 10 percent to €659 million.

 Net cash flow during the same period rose by 50 percent to €109 million.

 The company’s stock price has almost doubled since its IPO on the Shanghai Stock Exchange in September, putting its market cap at €4.6 billion today