April 3, 2017 / 6:13 AM / 4 months ago

BRIEF-Jiangsu Hongda New Material to swing to profit in Q1 FY 2017

1 Min Read

April 3 (Reuters) - Jiangsu Hongda New Material Co Ltd :

* Sees Q1 FY 2017 net profit to be 1 million yuan to 6 million yuan

* Says Q1 FY 2016 net loss was 3.2 million yuan

* The main reason for the forecast is increased demand of silicone rubber products

Source text in Chinese: goo.gl/2JC5Wc

Further company coverage: (Beijing Headline News)

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