Nine Dragons Bus Warns Mid-Year Basic Profit to Fall 45%-55% as Oil Prices Surge

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According to Nine Dragons Bus Co. (Hong Kong Stock Code 00062), the company projects its mid-year basic profit for the period ending June 30, 2026, will decline 45% to 55% compared to approximately HK$285 million in the prior year period, primarily due to surging international oil prices. Since late February 2026, crude oil prices have climbed from around $90 per barrel to over $250 per barrel, driven by ongoing geopolitical tensions in the Middle East.
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