February 16, 2017 / 1:59 AM / 6 months ago

BRIEF-Zhejiang Meida Industrial sees FY 2017 Q1 net profit

Feb 16 (Reuters) - Zhejiang Meida Industrial Co., Ltd. :

* Sees net profit for FY 2017 Q1 to increase by 30 percent to 70 percent, or to be 37.2 million yuan to 48.7 million yuan

* Says the net profit of FY 2016 Q1 was 28.6 million yuan

* Comments that stable development of kitchen electric equipments and sales increase are the main reasons for the forecast

Source text in Chinese:rrd.me/bzahP

Further company coverage: (Beijing Headline News)

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