March 29, 2017 / 9:39 AM / 6 months ago

BRIEF-Shenzhen Refond Optoelectronics sees FY 2017 Q1 net profit up 5 pct to 30 pct

March 29 (Reuters) - Shenzhen Refond Optoelectronics Co Ltd

* Sees Q1 FY 2017 net profit to increase by 5 percent to 30 percent, or to be 17.6 million yuan to 21.8 million yuan

* Says Q1 FY 2016 net profit was 16.7 million yuan

* Says that increased subsidy from government as main reason for forecast

Source text in Chinese:goo.gl/tDWxfD

Further company coverage: (Beijing Headline News)

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