March 21, 2017 / 8:18 AM / in a year

BRIEF-Chengdu Jafaantai Technology sees Q1 FY 2017 net profit down 60 pct to 75 pct

March 21 (Reuters) - Chengdu Jafaantai Technology Co Ltd :

* Sees Q1 FY 2017 net profit to decrease by 60 percent to 75 percent, or to be 1.5 million yuan to 2.4 million yuan

* Says Q1 FY 2016 net profit was 6.0 million yuan

* The reason for the forecast is that the co received VAT refund last year

Source text in Chinese: goo.gl/ZCDwXR

Further company coverage: (Beijing Headline News)

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