Aeolus estimates annual net loss of up to €62m

Jiaozuo, China – Aeolus has issued estimates showing an annual net loss in 2017 ranging from €57 million (443 million yuan) to €62 million, compared with €11 million net profit in 2016.

According to its filing in January on the Shanghai Stock Exchange, net loss excluding non-recurring elements in 2017 is estimated to range from €58 million to €64 million, compared with €13 million in 2016.

Last year, China’s tire market saw increasingly fierce competition, with severe, repetitive fluctuation of rubber price and sharp rises in carbon…

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