April 28, 2017 / 8:30 AM / 4 months ago

BRIEF-Xingye Leather Technology sees H1 FY 2017 net profit up 100 pct to 200 pct

April 28(Reuters) - Xingye Leather Technology Co Ltd

* Sees H1 FY 2017 net profit to increase by 100 percent to 200 percent, or to be 19.2 million yuan to 28.8 million yuan

* Says H1 FY 2016 net profit was 9.6 million yuan

* Says increased gross margin and decreased financial expenses as main reasons for the forecast

Source text in Chinese:goo.gl/7KEKTi

Further company coverage: (Beijing Headline News)

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