April 26, 2018 / 9:53 AM / 3 months ago

BRIEF-Ningbo Huaxiang Electronic sees FY 2018 H1 net profit down 30 pct to 50 pct

April 26(Reuters) - Ningbo Huaxiang Electronic Co Ltd :

* Sees FY 2018 H1 net profit to decrease by 30 percent to 50 percent, or to be 196.1 million yuan to 274.6 million yuan

* Says FY 2017 H1 net profit was 392.3 million yuan

* The main reason for the forecast is increased raw material price

Source text in Chinese: goo.gl/swdZG3 Further company coverage: (Beijing Headline News)

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