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BRIEF-Shenzhen Bingchuan Network sees H1 2017 net profit down 30-50 pct
July 14, 2017 / 3:46 AM / 5 months ago

BRIEF-Shenzhen Bingchuan Network sees H1 2017 net profit down 30-50 pct

July 14 (Reuters) - Shenzhen Bingchuan Network Co Ltd :

* Sees net profit for H1 2017 to decrease by 30 percent to 50 percent, or to be 44.4 million yuan to 62.1 million yuan, compared to net profit of the same period in 2016 (88.7 million yuan)

* Comments that decreased sales of main business and increased development costs are the main reasons for the forecast

Source text in Chinese: goo.gl/X8d5ux

Further company coverage: (Beijing Headline News)

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