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BRIEF-HL Corp Shenzhen sees Q1 FY 2017 net profit down 50 pct to 90 pct
March 30, 2017 / 8:15 AM / 7 months ago

BRIEF-HL Corp Shenzhen sees Q1 FY 2017 net profit down 50 pct to 90 pct

March 30(Reuters) - HL Corp Shenzhen :

* Sees Q1 FY 2017 net profit to decrease by 50 percent to 90 percent, or to be 2.6 million yuan to 0.5 million yuan

* Says Q1 FY 2016 net profit was 5.1 million yuan

* The reasons for the forecast are increased material cost and decreased bike orders

Source text in Chinese: goo.gl/6nc3lo

Further company coverage: (Beijing Headline News)

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