April 28, 2018 / 4:40 AM / in 6 months

BRIEF-Jiangsu Phoenix Publishing's 2017 Net Profit Down, To Sell Assets To Controlling Shareholder

April 28 (Reuters) - Jiangsu Phoenix Publishing & Media Corp Ltd:

* SAYS 2017 NET PROFIT DOWN 0.3 PERCENT Y/Y AT 1.2 BILLION YUAN ($189.50 million)

* SAYS IT PLANS TO SELL PRINTING ASSETS TO CONTROLLING SHAREHOLDER FOR 415.7 MILLION YUAN Source text in Chinese: bit.ly/2JvOK9R; bit.ly/2r6Yrnl Further company coverage: ($1 = 6.3325 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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