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BRIEF-Tianshui Zhongxing Bio-technology sees Q1 FY 2017 net profit down 40 pct to 60 pct
March 15, 2017 / 8:03 AM / 6 months ago

BRIEF-Tianshui Zhongxing Bio-technology sees Q1 FY 2017 net profit down 40 pct to 60 pct

March 15 (Reuters) - Tianshui Zhongxing Bio-technology Co Ltd :

* Sees Q1 FY 2017 net profit to decrease by 40 percent to 60 percent, or to be 34.5 million yuan to 51.8 million yuan

* Says Q1 FY 2016 net profit was 86.3 million yuan

* The reason for the forecast is decreased sales revenue due to sharply decreased price of edible fungi product

Source text in Chinese: goo.gl/DEKO4M

Further company coverage: (Beijing Headline News)

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