February 6, 2017 / 9:17 AM / 6 months ago

BRIEF-China Foods sees FY 2016 consol net profit between HK$450 mln and HK$520 mln

Feb 6 (Reuters) - China Foods Ltd

* For year ended 31 dec 2016, group expected to record consolidated net profit attributable to owners of parent between HK$450 million and HK$520 million

* Expected result due to owners of parent is mainly driven by one-off income from transaction and disposal of certain assets of winery business

* Company made a provision of approximately HK$100 million in its accounts in December 2016

* Provision due to potential payment of compensation to certain distributors of co's confectionery business Source text ID: (bit.ly/2ki0Nhh) Further company coverage:

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