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4 months ago
BRIEF-Hefei Fengle Seed sees FY 2017 Q1 net loss to be 4.8 mln yuan to 5.8 mln yuan
April 12, 2017 / 11:00 AM / 4 months ago

BRIEF-Hefei Fengle Seed sees FY 2017 Q1 net loss to be 4.8 mln yuan to 5.8 mln yuan

April 12 (Reuters) - Hefei Fengle Seed Co Ltd :

* Sees FY 2017 Q1 net loss to be 4.8 million yuan to 5.8 million yuan

* Says the net profit of FY 2016 Q1 was 14.2 million yuan

* Says that decreased gross margin rate in seed business sector and decreased net profit from hotel service business as main reasons for the forecast

Source text in Chinese: goo.gl/exDqox

Further company coverage: (Beijing Headline News)

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