June 17, 2020 / 2:12 PM / 23 days ago

BRIEF-Kangmei Pharmaceutical Swings To Net Losses In 2019, Q1

June 17 (Reuters) - Kangmei Pharmaceutical Co Ltd :

* SAYS 2019 NET LOSS AT 4.7 BILLION YUAN ($663.43 million) VERSUS NET PROFIT OF 374.5 MILLION YUAN YEAR EARLIER

* SAYS Q1 NET LOSS AT 296.6 MILLION YUAN VERSUS NET PROFIT OF 65.6 MILLION YUAN YEAR EARLIER

* SAYS IT SETS ASIDE PROVISION OF 1.3 BILLION YUAN FOR ASSET IMPAIRMENT FOR THE YEAR ENDED ON DECEMBER 31, 2019 Source text in Chinese: bit.ly/2Ch3lrn ; bit.ly/2UTJpkL ; bit.ly/2ACF5zA Further company coverage: ($1 = 7.0844 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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