January 31, 2018 / 9:54 AM / 10 months ago

BRIEF-Shanghai Kinlita Chemical sees FY 2017 net profit down 5 pct to 35 pct

Jan 31(Reuters) - Shanghai Kinlita Chemical Co Ltd

* Sees FY 2017 net profit to decrease by 5 percent to 35 percent, or to be 45.7 million yuan to 66.7 million yuan

* Says FY 2016 net profit was 70.2 million yuan

* Says price rise in raw material is the main reason for the forecast

Source text in Chinese: goo.gl/u2DPZf

Further company coverage: (Beijing Headline News)

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