Hengan said it has reduced its renminbi assets in Hong Kong and Macau and switched to having US dollar deposits in its mainland companies to guard against further losses from yuan swings. Photo: Imaginechina

Hengan net profit up 3.4 per cent in 2015, despite forex losses of HK$400m

Sanitary napkin maker says losses due to devaluation of Chinese currency in August last year

Topic |   Hengan International Group

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Hengan said it has reduced its renminbi assets in Hong Kong and Macau and switched to having US dollar deposits in its mainland companies to guard against further losses from yuan swings. Photo: Imaginechina
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Naomi Ng

Naomi Ng

Naomi is a city news reporter at the South China Morning Post. She joined the Post in 2015 as a cadet reporter and has previously written for CNN International in Hong Kong, and Mizzima news in Myanmar.