March 15, 2017 / 11:09 AM / 4 months ago

BRIEF-Angel Yeast's 2016 profit soars, plans project in Egypt

1 Min Read

March 15 (Reuters) - Angel Yeast Co Ltd

* Says 2016 net profit up 91.0 percent y/y at 535.1 million yuan ($77.42 million)

* Says it plans to invest 333.0 million yuan in yeast extract project in Egypt

* Says it plans to invest 100 million yuan in research centre project

Source text in Chinese:bit.ly/2nmVVKw; bit.ly/2n9kolL; bit.ly/2mNbxWc

Further company coverage: ($1 = 6.9115 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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