April 10, 2017 / 3:59 PM / 3 months ago

BRIEF-Shandong Meichen sees Q1 FY 2017 net profit up 61.0 pct to 90.4 pct

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April 10(Reuters) - Shandong Meichen Science & Technology Co Ltd :

* Sees Q1 FY 2017 net profit to increase by 61.0 percent to 90.4 percent, or to be 68.5 million yuan to 81 million yuan

* Says Q1 FY 2016 net profit was 42.5 million yuan

* The reasons for the forecast are increased operating income of auto parts business and increased PPP project orders in gardens business

Source text in Chinese: goo.gl/PMOnpq

Further company coverage: (Beijing Headline News)

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