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Angel Yeast Co Ltd (600298.SS)

600298.SS on Shanghai Stock Exchange

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Wed, Oct 25 2017

BRIEF-Angel Yeast unit to expand organic fertilizer production line project with investment of 53.6 mln yuan

* Says it plans to expand organic fertilizer production line project with investment of 53.6 million yuan for Yunan-based subsidiary

BRIEF-Angel Yeast and unit get 13.0 mln yuan subsidies from govt

* Says the company and its unit received about 13.0 million yuan worth of subsidies during the period from Aug. 1 to Sept. 30

BRIEF-Angel Yeast sees 9-month net profit up 50-70 pct y/y

* Says it expects 9-month net profit to rise 50-70 percent y/y to about 574.2-650.7 million yuan ($87.22-$98.84 million)

BRIEF-Angel Yeast's H1 net profit up 62.1 pct y/y at 420.9 mln yuan

* Says H1 net profit up 62.1 percent y/y at 420.9 million yuan ($62.01 million)

BRIEF-Angel Yeast sees H1 net profit to rise 50-70 pct y/y

* Says it expects H1 net profit to rise 50-70 percent y/y to 389.6-441.5 million yuan ($57.48-$65.14 million)

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