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BRIEF-Xuchang Yuandong Drive Shaft issues H1 2017 net profit outlook
July 14, 2017 / 9:05 AM / 4 months ago

BRIEF-Xuchang Yuandong Drive Shaft issues H1 2017 net profit outlook

July 14(Reuters) - Xuchang Yuandong Drive Shaft Co Ltd

* Sees net profit for H1 2017 will increase by 20 percent to 40 percent, or will be 75.1 million yuan to 87.6 million yuan, compared to net profit of H1 2016 (62.6 million yuan)

* Says that market growth and decreased costs as main reasons for the forecast

Source text in Chinese:goo.gl/y69LLW

Further company coverage: (Beijing Headline News)

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