United Kingdom

Shenzhen Center Power Tech sees FY 2017 net profit down 35 pct to up 10 pct

Friday, 20 Oct 2017 

Oct 20(Reuters) - Shenzhen Center Power Tech Co Ltd <002733.SZ> : :Sees FY 2017 net profit to decrease by 35 percent to increase by 10 percent, or to be 78.0 million yuan to 132.1 million yuan.Says FY 2016 net profit was 120.0 million yuan.The reasons for the forecast are increased investment in new energy filed and sharply increased raw material price as well as effect from exchange loss .