March 2, 2017 / 11:28 AM / 5 months ago

BRIEF-SMIT Holdings expects increase of more than 80% in its consolidated net profit for FY ended 31 Dec 2016

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March 2 (Reuters) - SMIT Holdings Ltd:

* Group expects to record a substantial increase of more than 80% in its consolidated net profit for year ended 31 december 2016

* Expects total revenue for year ended 31 december 2016 to remain relatively stable with a decrease of approximately 10%

* Expected result due to net exchange gain resulting from depreciation of RMB against USD Source text for Eikon: Further company coverage:

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