April 24, 2018 / 8:17 AM / a month ago

BRIEF-Focus Media's Net Profits Up In Q1, 2017, Plans Share Buyback

April 24 (Reuters) - Focus Media Information Technology Co Ltd:

* SAYS Q1 NET PROFIT UP 9.1 PERCENT Y/Y AT 1.2 BILLION YUAN ($190.08 million)

* SAYS 2017 NET PROFIT UP 34.9 PERCENT Y/Y AT 6.0 BILLION YUAN

* SAYS IT PLANS TO BUY BACK UP TO 3.0 BILLION YUAN WORTH OF COMPANY SHARES AT UP TO 13 YUAN PER SHARE WITHIN 12 MONTHS

* SAYS UNIT PLANS TO INVEST 300 MILLION YUAN, 50 MILLION YUAN AND 10 MILLION YUAN IN THREE INVESTMENT FUNDS Source text in Chinese: bit.ly/2FcM91Y; bit.ly/2FbH4Hk; bit.ly/2vIDGEe; bit.ly/2HrdVJU; bit.ly/2FbTmiP; bit.ly/2Fcnk6d Further company coverage: ($1 = 6.3131 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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