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4 months ago
BRIEF-Sanan Optoelectronics sees Q1 profit up after 2016 rise, to boost U.S. unit's capital
April 12, 2017 / 10:35 AM / 4 months ago

BRIEF-Sanan Optoelectronics sees Q1 profit up after 2016 rise, to boost U.S. unit's capital

April 12 (Reuters) - Sanan Optoelectronics Co Ltd

* Says 2016 net profit up 27.9 percent y/y at 2.2 billion yuan ($319.19 million)

* Says it expects Q1 net profit to rise 45-55 percent y/y versus net profit of 457.2 million yuan year ago

* Says it plans to boost capital of U.S. unit Luminus Inc by $20 million

Source text in Chinese: bit.ly/2oojH6u; bit.ly/2psQmqX; bit.ly/2p4UKjr

Further company coverage: ($1 = 6.8925 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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