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BRIEF-Zhejiang Asia Pacific Mechanical & Electronic issues H1 2017 net profit outlook
July 17, 2017 / 3:10 AM / 2 months ago

BRIEF-Zhejiang Asia Pacific Mechanical & Electronic issues H1 2017 net profit outlook

July 17(Reuters) - Zhejiang Asia Pacific Mechanical & Electronic Co Ltd

* Sees H1 2017 net profit will decrease by 40 percent to increase by 10 percent, pr will be 59.6 million yuan to 109.3 million yuan

* Says H1 2016 net profit was 99.3 million yuan

* Says increased research and development costs and decreased gross margin as main reasons for the forecast

Source text in Chinese:goo.gl/n6N4Gn

Further company coverage: (Beijing Headline News)

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