March 14, 2017 / 8:22 AM / 5 months ago

BRIEF-Fujian Yanjing Huiquan Brewery sees FY 2016 net profit down 90 pct

March 13 (Reuters) - Fujian Yanjing Huiquan Brewery Co ltd :

* Sees net profit for FY 2016 to decrease by 90 percent, compared to net profit of FY 2015 (23.0 million yuan)

* In the previous outlook, the company expected the net profit for FY 2016 to decrease by 80 percent

* The main reason for the amendment is inappropriate record of proceeds from sale of real estate

Source text in Chinese: goo.gl/griIMh

Further company coverage: (Beijing Headline News)

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