March 8, 2017 / 12:31 PM / 5 months ago

BRIEF-AVIC Real Estate's 2016 net profit down 59.8 pct

March 8 (Reuters) - AVIC Real Estate Holding Co Ltd

* Says its 2016 net profit down 59.8 percent y/y at 161.4 million yuan ($23.36 million)

Source text in Chinese: bit.ly/2m1R78N

Further company coverage: ($1 = 6.9081 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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