January 29, 2018 / 6:08 AM / 8 months ago

BRIEF-Beijing Wanji Technology sees FY 2017 net profit down 40 pct to 60 pct

Jan 29(Reuters) - Beijing Wanji Technology Co Ltd :

* Sees FY 2017 net profit to decrease by 40 percent to 60 percent, or to be 27.7 million yuan to 41.6 million yuan

* Says FY 2016 net profit was 69.3 million yuan

* The main reason for the forecast is increased research and development expanse on new products

Source text in Chinese: goo.gl/HN1dSi Further company coverage: (Beijing Headline News)

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