January 11, 2018 / 3:15 AM / 13 days ago

BRIEF-Zhejiang Wolwo Bio-Pharmaceutical sees FY 2017 net profit up 40 pct to 50 pct

Jan 11 (Reuters) - Zhejiang Wolwo Bio-Pharmaceutical Co Ltd

* Says it sees net profit for FY 2017 to increase by 40 percent to 50 percent, or to be 180.9 million yuan to 193.8 million yuan

* Says the net profit of FY 2016 was 129.2 million yuan

* Comments that increased business income and decreased costs as main reasons for the forecast

Source text in Chinese:goo.gl/VZ3bvz

Further company coverage: (Beijing Headline News)

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