January 24, 2017 / 9:36 AM / 3 years ago

BRIEF-Wanxiang Doneed sees FY2016 net profit to sharply up by 853.87 pct to 897.89 pct

Jan 24 (Reuters) - Wanxiang Doneed Co Ltd :

* Sees net profit for FY2016 to increase by 853.87 percent to 897.89 percent, compared to net profit of FY2015 (5.7 million yuan)

* Says increased gross margin rate and decreased cost as main reasons for the forecast

Source text in Chinese: goo.gl/28UT9g

Further company coverage: (Beijing Headline News)

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