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BRIEF-Shanghai Wanye Enterprises sees 2016 net profit up sharply, Q4 contract sales down
January 18, 2017 / 8:51 AM / 9 months ago

BRIEF-Shanghai Wanye Enterprises sees 2016 net profit up sharply, Q4 contract sales down

Jan 18 (Reuters) - Shanghai Wanye Enterprises Co Ltd

* Says it expects 2016 net profit to rise 220-260 percent y/y versus net profit of 211.5 million yuan ($30.94 million) year ago

* Says Q4 contract sales down 56 percent y/y at 537.5 million yuan

Source text in Chinese: bit.ly/2iGZeFv; bit.ly/2jxxs2a

Further company coverage: ($1 = 6.8350 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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