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7 months ago
BRIEF-Hangzhou Robam Appliances raises 2016 net profit outlook up 40 pct to 50 pct
January 11, 2017 / 9:58 AM / 7 months ago

BRIEF-Hangzhou Robam Appliances raises 2016 net profit outlook up 40 pct to 50 pct

Jan 11 (Reuters) - Hangzhou Robam Appliances :

* Sees net profit for 2016 up 40 percent to 50 percent, or to be 1.16 billion yuan to 1.25 billion yuan

* Says in the previous outlook, the company expected the net profit for 2016 up 20 percent to 40 percent

* Says the net profit of 2015 was 830.5 million yuan

* Comments that good sales in Q4 and government subsidy are the main reasons for the forecast

Source text in Chinese: goo.gl/7h5HET

Further company coverage: (Beijing Headline News)

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