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BRIEF-Jiangsu Hagong Intelligent to swing to profit in Q1~Q3 FY 2017
October 16, 2017 / 2:45 AM / a month ago

BRIEF-Jiangsu Hagong Intelligent to swing to profit in Q1~Q3 FY 2017

Oct 16 (Reuters) - Jiangsu Hagong Intelligent Co Ltd :

* Sees Q1~Q3 FY 2017 net profit to be 57.7 million yuan to 69.7 million yuan

* Says Q1~Q3 FY 2016 net loss was 40.4 million yuan

* The main reasons for the forecast are contribution from subsidiary and increased spandex products price as well as improved investment return

Source text in Chinese: goo.gl/5BtWqS

Further company coverage: (Beijing Headline News)

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