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BRIEF-Zhejiang Wanfeng Auto Wheel sees Q1 FY 2017 net profit up 5 pct to 20 pct
March 29, 2017 / 9:55 AM / 7 months ago

BRIEF-Zhejiang Wanfeng Auto Wheel sees Q1 FY 2017 net profit up 5 pct to 20 pct

March 29(Reuters) - Zhejiang Wanfeng Auto Wheel Co Ltd :

* Sees Q1 FY 2017 net profit to increase by 5 percent to 20 percent, or to be 176.9 million yuan to 202.2 million yuan

* Says Q1 FY 2016 net profit was 168.5 million yuan

* The reasons for the forecast are optimized market structure and improved technology as well as contribution from new projects

Source text in Chinese: goo.gl/VDNe9U

Further company coverage: (Beijing Headline News)

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