April 12, 2017 / 8:04 AM / 3 months ago

BRIEF-Zhongtong Bus sees Q1 FY 2017 net profit down 65 pct to 68 pct

1 Min Read

April 12(Reuters) - Zhongtong Bus Holding Co Ltd :

* Sees Q1 FY 2017 net profit to decrease by 65 percent to 68 percent, or to be 43 million yuan to 47 million yuan

* Says Q1 FY 2016 net profit was 135.5 million yuan

* The reasons for the forecast are decreased government subsidy of new energy cars and reduced orders

Source text in Chinese: goo.gl/ZcfJ1V

Further company coverage: (Beijing Headline News)

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