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BRIEF-Shanghai Kinlita Chemical sees FY 2017 Q1 net profit to decrease by 10 pct to 40 pct
March 23, 2017 / 5:48 AM / 9 months ago

BRIEF-Shanghai Kinlita Chemical sees FY 2017 Q1 net profit to decrease by 10 pct to 40 pct

March 23(Reuters) - Shanghai Kinlita Chemical Co Ltd :

* Says net profit for FY 2017 Q1 to decrease by 10 percent to 40 percent, or to be 10.3 million yuan to 15.4 million yuan, compared to net profit of FY 2016 Q1 (17.1 million yuan)

* Says decreased gross margins as main reason for the forecast

Source text in Chinese: goo.gl/18NpsS

Further company coverage: (Beijing Headline News)

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