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BRIEF-Xiangxue Pharmaceutical sees Q1 FY 2017 net profit down 20 pct to 40 pct
March 27, 2017 / 3:54 AM / 6 months ago

BRIEF-Xiangxue Pharmaceutical sees Q1 FY 2017 net profit down 20 pct to 40 pct

March 27(Reuters) - Xiangxue Pharmaceutical Co Ltd :

* Sees Q1 FY 2017 net profit to decrease by 20 percent to 40 percent, or to be 18.9 million yuan to 25.2 million yuan

* Says Q1 FY 2016 net profit was 31.5 million yuan

* The reasons for the forecast are slowdown in medicine industry growth and increased financial expense

Source text in Chinese: goo.gl/9skClm

Further company coverage: (Beijing Headline News)

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