October 24, 2016 / 2:11 AM / 3 years ago

BRIEF-Hangzhou Robam Appliances expects 2016 net profit to increase by 20 to 40 pct

Oct 24 (Reuters) - Hangzhou Robam Appliances Co Ltd :

* Says net profit of 2016 expected to increase by 20 percent to 40 percent, or to be 996.6 million to 1,162.7 million yuan

* Says the net profit of 2015 was 830.5 million yuan

* Says effective cost control is the main reason for the forecast

Source text in Chinese: goo.gl/AFwHvR

Further company Coverage: (Beijing Headline News)

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