October 23, 2017 / 6:22 AM / in a month

BRIEF-Zhejiang Shibao sees FY 2017 net profit down 0 to 30 pct

Oct 23(Reuters) - Zhejiang Shibao Co Ltd :

* Sees FY 2017 net profit to decrease by 0 to 30 percent, or to be 44.4 million yuan to 63.5 million yuan

* Says FY 2016 net profit was 63.5 million yuan

* The reasons for the forecast are decreased sales price of old products and investment of smart projects as well as uncertain expect of export business Source text in Chinese: goo.gl/H2R8BD Further company coverage: (Beijing Headline News)

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