April 2, 2018 / 5:55 AM / 6 months ago

BRIEF-Shandong Denghai Seeds sees FY 2018 Q1 net profit down 50 pct to 80 pct

April 2(Reuters) - Shandong Denghai Seeds Co Ltd :

* Sees FY 2018 Q1 net profit to decrease by 50 percent to 80 percent, or to be 9.0 million yuan to 22.6 million yuan

* Says FY 2017 Q1 net profit was 45.2 million yuan

* The reason for the forecast is supply exceeds the demand in corn seeds market

Source text in Chinese: goo.gl/X1b8Mg Further company coverage: (Beijing Headline News)

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