In today’s briefing:
- CNMC Goldmine – CNMC’s 1HFY25 Earnings Outshine FY24
- Tariffs, Imports, And Closures Strain Brazil’s Tire Sector
CNMC Goldmine – CNMC’s 1HFY25 Earnings Outshine FY24
- CNMC delivered a stellar financial performance in 1HFY25.
- The Group’s 1HFY25 net profit surged 251.4% YoY to US$19.4 million, exceeding FY24 full year net profit of US$12.2 million.
- 1HFY25 revenue increased 78.0% YoY to US$52.8 million, the highest in any half-year period since CNMC’s inception.
Tariffs, Imports, And Closures Strain Brazil’s Tire Sector
- U.S. tariffs and low-cost Asian imports reshape Brazil’s tire industry
- ADD on Chinese passenger tires renewed to shield local producers
- Michelin to shut down its Guarulhos plant in Sao Paulo by Dec 2025
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