January 25, 2018 / 8:48 AM / 8 months ago

BRIEF-Zhejiang Taihua New Material sees FY 2017 net profit up about 55 pct

Jan 25(Reuters) - Zhejiang Taihua New Material Co Ltd

* Sees FY 2017 net profit to increase by about 55 percent

* Says FY 2016 net profit was 227.6 million yuan

* Says increased income from main business and increased gross margin are the main reasons for the forecast

Source text in Chinese: goo.gl/dxjWTd

Further company coverage: (Beijing Headline News)

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