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Jifeng Co., Ltd. announced that Grammer, the company's holding subsidiary, disclosed preliminary results for the third quarter of 2026: third-quarter revenue of 473.4 million euros, a year-on-year increase; operating profit before interest and tax of 11.4 million euros, a year-on-year decrease. Total revenue for the first nine months of 2026 was 1,434.7 billion euros, and operating profit before interest and tax was 53.2 million euros. Grammer lowered its annual operating profit forecast from about 80 million euros to about 70 million euros, maintaining the annual revenue forecast of about 1.9 billion euros. Grammer's revenue accounts for more than 60% of the company's group's revenue. The year-on-year decline in profit in the third quarter will cause the profit of the company's Grammer division to decline year-on-year. The net profit of the company's Jifeng division is expected to increase year-on-year. It is not yet possible to determine the year-on-year change in the company's net profit for the third quarter.
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Jifeng Co., Ltd. announced that Grammer, the company's holding subsidiary, disclosed preliminary results for the third quarter of 2026: third-quarter revenue of 473.4 million euros, a year-on-year increase; operating profit before interest and tax of 11.4 million euros, a year-on-year decrease. Total revenue for the first nine months of 2026 was 1,4347 million euros, and operating profit before interest and tax was 53.2 million euros. Grammer lowered its annual operating profit forecast from about 80 million euros to about 70 million euros, maintaining the annual revenue forecast of about 1.9 billion euros. Grammer's revenue accounts for more than 60% of the company's group's revenue. The year-on-year decline in profit in the third quarter will cause the profit of the company's Grammer division to decline year-on-year. The net profit of the company's Jifeng division is expected to increase year-on-year. It is not yet possible to determine the year-on-year change in the company's net profit for the third quarter.
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