March 31, 2017 / 9:13 AM / 4 months ago

BRIEF-Bus Online sees Q1 FY 2017 net profit down 28.5 pct to 76.2 pct

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March 31(Reuters) - Bus Online Co Ltd :

* Sees Q1 FY 2017 net profit to decrease by 28.5 percent to 76.2 percent, or to be 2 million yuan to 6 million yuan

* Says Q1 FY 2016 net profit was 8.4 million yuan

* The reasons for the forecast are decreased investment return and increased R&D expense of new products

Source text in Chinese: goo.gl/BF4cr2

Further company coverage: (Beijing Headline News)

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