Mesbon China Nylon Limited’s (ASX:MES) directors have reviewed projections for the full year to December 31, and in light of results to November 30, estimate that revenue for the full year will be around $150 million.
Net profit after tax for the group is estimated to be $2.6 million, significantly lower than the year prior.
The company says the synthetic fibre market has been dramatically affected by the European financial crisis.
Mesbon reported a net profit of $2.9 million for the half year to June 30, 2011.
