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BRIEF-Shenzhen Bingchuan Network sees Q1 FY 2017 net profit down 30 pct to 40 pct
April 11, 2017 / 2:40 AM / in 3 months

BRIEF-Shenzhen Bingchuan Network sees Q1 FY 2017 net profit down 30 pct to 40 pct

1 Min Read

April 11(Reuters) - Shenzhen Bingchuan Network Co Ltd :

* Sees Q1 FY 2017 net profit to decrease by 30 percent to 40 percent, or to be 26.8 million yuan to 31.3 million yuan

* Says Q1 FY 2016 net profit was 44.7 million yuan

* The reasons for the forecast are depressing in client game market and increased R&D employee expense

Source text in Chinese: goo.gl/97dUyr

Further company coverage: (Beijing Headline News)

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