January 26, 2018 / 2:28 AM / 3 months ago

BRIEF-Zhejiang Jolly Pharmaceutical sees FY 2017 net profit down 20 pct to 40 pct

Jan 26(Reuters) - Zhejiang Jolly Pharmaceutical Co Ltd

* Sees FY 2017 net profit to decrease by 20 percent to 40 percent, or to be 43.2 million yuan to 57.6 million yuan

* Says FY 2016 net profit was 72 million yuan

* Says decreased gross margin of core business is the main reason for the forecast

Source text in Chinese: goo.gl/Do4DPy

Further company coverage: (Beijing Headline News)

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