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BRIEF-Huatian Hotel Group swings to red in 2016, Q1 net losses to widen
April 13, 2017 / 11:52 AM / 5 months ago

BRIEF-Huatian Hotel Group swings to red in 2016, Q1 net losses to widen

April 13 (Reuters) - Huatian Hotel Group Co Ltd

* Says preliminary 2016 net loss at 288.5 million yuan ($41.90 million) versus net profit of 12.8 million yuan year ago

* Says it expects Q1 net loss to widen to 60-70 million yuan from 57.7 million yuan year ago

Source text in Chinese: bit.ly/2p0wb7F; bit.ly/2oqSMXQ

Further company coverage: ($1 = 6.8850 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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