January 31, 2018 / 9:03 AM / 6 months ago

BRIEF-Baofeng Group sees FY 2017 net profit down 10 pct to up 20 pct

Jan 31(Reuters) - Baofeng Group Co Ltd

* Sees FY 2017 net profit to decrease by 10 percent to increase by 20 percent, or to be 47.5 million yuan to 63.4 million yuan

* Says FY 2016 net profit was 52.8 million yuan

* Says increased income from unit is the main reason for the forecast

Source text in Chinese: goo.gl/VVQvoL

Further company coverage: (Beijing Headline News)

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