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BRIEF-Changzhou NRB sees FY 2017 net profit down 45.74 pct to 61.25 pct
October 23, 2017 / 3:17 AM / 2 months ago

BRIEF-Changzhou NRB sees FY 2017 net profit down 45.74 pct to 61.25 pct

Oct 23(Reuters) - Changzhou NRB Corp :

* Sees FY 2017 net profit to decrease by 45.74 percent to 61.25 percent, or to be 25 million yuan to 35 million yuan

* Says FY 2016 net profit was 64.5 million yuan

* The reasons for the forecast are decreased product price and increased material price as well as improved expense Source text in Chinese: goo.gl/8QrbpE Further company coverage: (Beijing Headline News)

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