April 13, 2018 / 12:51 PM / in 12 days

BRIEF-Ningxia Zhongyin Cashmere Posts Preliminary Net Profit In 2017, Sees Q1 Net Loss

April 13 (Reuters) - Ningxia Zhongyin Cashmere Co Ltd :

* SAYS PRELIM 2017 NET PROFIT OF 35.57 MILLION YUAN ($5.66 million) VERSUS NET LOSS OF 1.06 BILLION YUAN YEAR AGO

* SAYS IT EXPECTS Q1 NET LOSS 140 160 MILLION YUAN VERSUS NET LOSS OF 148.9 MILLION YUAN YEAR AGO Source text in Chinese: bit.ly/2GYoTq8; bit.ly/2Hjyqvw Further company coverage: ($1 = 6.2805 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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