January 31, 2018 / 10:32 AM / 23 days ago

BRIEF-Shanghai Shibei Hi-Tech sees FY 2017 net profit up 31 pct to 57 pct

Jan 31(Reuters) - Shanghai Shibei Hi-Tech Co Ltd :

* Sees FY 2017 net profit to increase by 31 percent to 57 percent, or to be 200 million yuan to 240 million yuan

* Says FY 2016 net profit was 153.5 million yuan

* The reason for the forecast is contribution from real estate business Source text in Chinese: goo.gl/VYja3n Further company coverage: (Beijing Headline News)

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