January 31, 2018 / 11:46 AM / 21 days ago

BRIEF-Shanghai Pret Composites sees FY 2017 net profit down 20 pct to 38 pct

Jan 31 (Reuters) - Shanghai Pret Composites Co Ltd

* Says it sees net profit for FY 2017 to decrease by 20 percent to 38 percent, or to be 172.3 million yuan to 222.4 million yuan

* Says the net profit of FY 2016 was 278 million yuan

* Comments that increased raw material price as main reason for the forecast

Source text in Chinese:goo.gl/9NkRRS

Further company coverage: (Beijing Headline News)

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