January 12, 2017 / 6:12 AM / 6 months ago

BRIEF-Beijing BDstar Navigation lowers FY 2016 net profit outlook

1 Min Read

Jan 12 (Reuters) - Beijing BDstar Navigation Co., Ltd. :

* Sees net profit for FY 2016 to decrease by 20 percent to increase by 20 percent, or to be 40.6 million yuan to 60.8 million yuan

* Says the net profit of FY 2015 was 50.7 million yuan

* It expected net profit for FY 2016 to increase by 30.2 percent to 70.5 percent previously

* Comments that the termination of major asset acquisition plan is the main reason for the forecast

Source text in Chinese:rrd.me/bj9L8

Further company coverage: (Beijing Headline News)

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