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BRIEF-Guangdong Chaohua Technology amends FY 2016 net profit outlook, sees to be loss
February 6, 2017 / 7:51 AM / 9 months ago

BRIEF-Guangdong Chaohua Technology amends FY 2016 net profit outlook, sees to be loss

Feb 6 (Reuters) - Guangdong Chaohua Technology Co., Ltd. :

* Sees net loss for FY 2016 to be 55 million yuan to 65 million yuan

* In the previous release, the co expected the net profit for FY 2016 to decrease by 50 percent to 80 percent, or to be 5.2 million yuan to 13.0 million yuan

* Says the net profit of FY 2015 was 26.0 million yuan

* Comments that the loss due to lawsuit and increased materials prices are the main reasons for the forecast

Source text in Chinese:goo.gl/HGNxUF

Further company coverage: (Beijing Headline News)

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