UPDATE 1-China Green sees lower-than-exected Q1 profit

* Sees Q1 EPS $0.29-$0.30 vs est $0.35

* Q4 EPS $0.25 vs est $0.24

* Shares down 6 pct

Sept 1 (Reuters) - Fertilizer producer China Green Agriculture Inc (CGA.N) posted better-than-expected quarterly results, helped by increased production from its new line, but forecast weak first quarter profit, sending its shares down 6 percent.

China Green said it expects first-quarter profit of 29-30 cents a share, lower than analysts' expectations of 35 cents a share, according to Thomson Reuters I/B/E/S.

For the fourth quarter, the company reported a profit of $6 million, or 25 cents a share, compared with $4.4 million, or 24 cents a share, a year ago.

Revenue rose 55 percent to $16.2 million.

Analysts on average expected the company to earn 24 cents a shares on revenue of $15.08 million.

Shares of the Xi'an, China-based company, which have dropped 31 percent since the beginning of 2010, closed at $10.20 Wednesday on the New York Stock Exchange. They fell 6 percent after market close to $9.60.

For the alerts, please double click [ID:nWNAB2754] (Reporting by Arup Roychoudhury in Bangalore; Editing by Don Sebastian)