January 31, 2018 / 5:06 AM / 18 days ago

BRIEF-Ling Yun Industrial sees FY 2017 net profit up 50 pct to 60 pct

Jan 31(Reuters) - Ling Yun Industrial Corp Ltd :

* Sees FY 2017 net profit to increase by 50 percent to 60 percent, or to increase by 106.5 million yuan to 127.8 million yuan

* Says FY 2016 net profit was 213.0 million yuan

* The reasons for the forecast are increased sales of high value-added products and plastic piping system products as well as effective cost control Source text in Chinese: goo.gl/qvQuzw Further company coverage: (Beijing Headline News)

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