January 29, 2018 / 2:22 AM / a year ago

BRIEF-Shandong Tongda Island New Materials sees FY 2017 net profit down 15 pct to 35 pct

Jan 29(Reuters) - Shandong Tongda Island New Materials Co Ltd

* Sees FY 2017 net profit to decrease by 15 percent to 35 percent, or to be 21.5 million yuan to 28.2 million yuan

* Says FY 2016 net profit was 33.1 million yuan

* Says exchange losses is the main reason for the forecast

Source text in Chinese: goo.gl/APCcfw

Further company coverage: (Beijing Headline News)

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