February 1, 2018 / 10:28 AM / 3 months ago

BRIEF-Hunan Tyen Machinery to swing to loss in FY 2017

Feb 1 (Reuters) - Hunan Tyen Machinery Co Ltd :

* Sees FY 2017 net loss to be 75 million yuan to 85 million yuan

* Says FY 2016 net profit was 10.0 million yuan

* The main reasons for the forecast are decreased product price and increased new product R&D investment expense

Source text in Chinese: goo.gl/A4X4DA

Further company coverage: (Beijing Headline News)

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