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BRIEF-Kunming Longjin Pharmaceutical sees FY 2017 net profit down 15 pct to 65 pct
October 31, 2017 / 8:11 AM / 24 days ago

BRIEF-Kunming Longjin Pharmaceutical sees FY 2017 net profit down 15 pct to 65 pct

Oct 31(Reuters) - Kunming Longjin Pharmaceutical Co Ltd :

* Sees FY 2017 net profit to decrease by 15 percent to 65 percent, or to be 31.9 million yuan to 77.4 million yuan

* Says FY 2016 net profit was 91.0 million yuan

* The reasons for the forecast are increased R&D expense and administrative expense and improved selling and promotion expense

Source text in Chinese: goo.gl/9mSr5B Further company coverage: (Beijing Headline News)

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