April 19, 2017 / 1:49 PM / 4 months ago

BRIEF-Ningbo Tuopo's 2016 profit up, plans to boost units' capital

April 19 (Reuters) - Ningbo Tuopo Group Co Ltd

* Says 2016 net profit up 50.7 percent y/y at 615.7 million yuan ($89.43 million)

* Says it plans to boost capital of three units by a combined 540 million yuan

Source text in Chinese: bit.ly/2oOp7Ig; bit.ly/2pBsBkh

Further company coverage: ($1 = 6.8845 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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