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BRIEF-Shanghai Potevio revises FY 2016 net loss outlook
March 16, 2017 / 5:40 AM / 8 months ago

BRIEF-Shanghai Potevio revises FY 2016 net loss outlook

March 16(Reuters) - Shanghai Potevio Co Ltd :

* Says net loss for FY 2016 to be 450 million yuan to 500 million yuan

* Says in the previous outlook, the company expected the net loss for FY 2016 to be 240 million yuan to 260 million yuan

* Says the net loss of FY 2015 was 95.1 million yuan

* Comments that increased bad debts and inventory falling price are the main reasons for the forecast

Source text in Chinese: goo.gl/uas0H2

Further company coverage: (Beijing Headline News)

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