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BRIEF-Baofeng Group sees H1 2017 net profit could fall up to 30 pct
July 17, 2017 / 3:50 AM / 2 months ago

BRIEF-Baofeng Group sees H1 2017 net profit could fall up to 30 pct

July 17 (Reuters) - Baofeng Group Co Ltd:

* Sees net profit for H1 2017 could decrease up to 30 percent, or to be 13.2 million yuan to 18.9 million yuan, compared to net profit of the same period in 2016 (18.9 million yuan)

* Comments that increased costs on business development is the main reason for the forecast

Source text in Chinese: goo.gl/1b2R3F

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