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BRIEF-Shanghai New Culture Media Group sees Q1 FY 2017 net profit up 0 to 20 pct
March 28, 2017 / 10:37 AM / 9 months ago

BRIEF-Shanghai New Culture Media Group sees Q1 FY 2017 net profit up 0 to 20 pct

March 28(Reuters) - Shanghai New Culture Media Group Co Ltd :

* Sees Q1 FY 2017 net profit to increase by 0 to 20 percent, or to be 55.2 million yuan to 66.2 million yuan

* Says Q1 FY 2016 net profit was 55.2 million yuan

* The reasons for the forecast are great IP content and increased investment return as well as improvement of AD business

Source text in Chinese: goo.gl/EPdMbi

Further company coverage: (Beijing Headline News)

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