April 3, 2017 / 10:24 AM / 4 months ago

BRIEF-Tongyu Communication sees Q1 FY 2017 net profit to down 55.1 pct to 41.4 pct

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April 3 (Reuters) - Tongyu Communication Inc :

* Sees net profit for Q1 FY 2017 to decrease by 55.1 percent to 41.43 percent, compared to net profit of Q1 FY 2016 (51.2 million yuan)

* Says sluggish in core business, increased labor cost and increased raw material cost as main reasons for the forecast

Source text in Chinese: goo.gl/HoQgPE

Further company coverage: (Beijing Headline News)

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