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BRIEF-Shenzhen Bingchuan Network sees Q1 to Q3 of FY 2017 net profit down 30 pct to 50 pct
October 13, 2017 / 8:24 AM / in 11 days

BRIEF-Shenzhen Bingchuan Network sees Q1 to Q3 of FY 2017 net profit down 30 pct to 50 pct

Oct 13(Reuters) - Shenzhen Bingchuan Network Co Ltd

* Sees Q1 to Q3 of FY 2017 net profit to decrease by 30 percent to 50 percent, or to be 57.7 million yuan to 80.7 million yuan

* Says Q1 to Q3 of FY 2016 net profit was 115.3 million yuan

* Says decreased income from main business and increased R&D expenses are the main reasons for the forecast

Source text in Chinese: goo.gl/sdneBm

Further company coverage: (Beijing Headline News)

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