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BRIEF-Shenyang Cuihua Gold and Silver Jewelry raises Q1-Q3 2016 net profit outlook to be 20.9-31.3 mln yuan
October 17, 2016 / 10:51 AM / in a year

BRIEF-Shenyang Cuihua Gold and Silver Jewelry raises Q1-Q3 2016 net profit outlook to be 20.9-31.3 mln yuan

Oct 17 (Reuters) - Shenyang Cuihua Gold and Silver Jewelry Co., Ltd :

* Sees net profit for Q1-Q3 2016 to decrease by 40 percent to 60 percent, or to be 20.9 million yuan to 31.3 million yuan, compared to net profit of the same period in 2015 (52.2 million yuan)

* In the previous outlook, the company expected the net profit for Q1-Q3 2016 to be 12 million yuan to 20 million yuan

* Comments that fluctuation of gold price is the main reason for the outlook

Source text in Chinese: goo.gl/X43tIr

Further company coverage: (Beijing Headline News)

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