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BRIEF-Luoniushan sees Q1 FY 2017 net profit up 1,476.8 pct to 1,514.4 pct
April 12, 2017 / 7:54 AM / in 4 months

BRIEF-Luoniushan sees Q1 FY 2017 net profit up 1,476.8 pct to 1,514.4 pct

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April 12(Reuters) - Luoniushan Co Ltd :

* Sees Q1 FY 2017 net profit to increase by 1,476.8 percent to 1,514.4 percent, or to be 84 million yuan to 86 million yuan

* Says Q1 FY 2016 net profit was 5.3 million yuan

* The reason for the forecast is income from real estate projects

Source text in Chinese: goo.gl/sqwjGw

Further company coverage: (Beijing Headline News)

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