July 17, 2017 / 4:39 AM / in 11 days

BRIEF-Shanghai New Culture Media Group sees H1 FY 2017 net profit up 20 pct to 30 pct

1 Min Read

July 17(Reuters) - Shanghai New Culture Media Group Co Ltd :

* Sees H1 FY 2017 net profit to increase by 20 percent to 30 percent, or to be 139.4 million yuan to 151.0 million yuan

* Says H1 FY 2016 net profit was 116.2 million yuan

* The reasons for the forecast are income from released movies and TV dramas and increased investment return as well as improved advertising business

Source text in Chinese: goo.gl/A5A4pK

Further company coverage: (Beijing Headline News)

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