January 18, 2018 / 3:01 AM / 9 months ago

BRIEF-Jiangsu Jinling Sports Equipment sees FY 2017 net profit to decrease by 5 pct to increase by 4.7 pct

Jan 18(Reuters) - Jiangsu Jinling Sports Equipment Co Ltd :

* Says FY 2017 net profit to decrease by 5 percent to increase by 4.7 percent, or to be 44 million yuan to 48.5 million yuan, compared to net profit of FY 2016 (46.3 million yuan)

* Says increased sales revenue and decreased gross margin as main reason for the forecast

Source text in Chinese: goo.gl/5mZ9xt

Further company coverage: (Beijing Headline News)

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