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BRIEF-Wuxi Double Elephant Micro Fibre Material sees Q1~Q3 of FY 2017 net profit to down 35 pct to 65 pct
October 16, 2017 / 8:26 AM / a month ago

BRIEF-Wuxi Double Elephant Micro Fibre Material sees Q1~Q3 of FY 2017 net profit to down 35 pct to 65 pct

Oct 16 (Reuters) - Wuxi Double Elephant Micro Fibre Material Co Ltd :

* Sees Q1~Q3 of FY 2017 net profit to decrease by 35 percent to 65 percent, or to be 8.4 million yuan to 15.7 million yuan

* Says Q1~Q3 of FY 2016 net profit was 24.1 million yuan

* Comments that increasing raw material cost and exchange loss as the main reasons for the forecast

Source text in Chinese: 0x9.me/sCXbS

Further company coverage: (Beijing Headline News)

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