January 30, 2018 / 6:55 AM / 22 days ago

BRIEF-Zhongnongfa Seed Industry Group sees FY 2017 net profit down about 76 pct

Jan 30(Reuters) - Zhongnongfa Seed Industry Group Co Ltd :

* Sees FY 2017 net profit to decrease by about 76 percent, or to decrease by 34 million yuan

* Says FY 2016 net profit was 44.7 million yuan

* The reason for the forecast is decreased seed sales revenue

Source text in Chinese: goo.gl/1P3Mc6 Further company coverage: (Beijing Headline News)

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