October 20, 2017 / 2:18 AM / in 2 months

BRIEF-Wuxi Double Elephant Micro Fibre Material sees FY 2017 net profit down 15 pct to 65 pct

Oct 20 (Reuters) - Wuxi Double Elephant Micro Fibre Material Co Ltd

* Sees net profit for FY 2017 to decrease by 15 percent to 65 percent, or to be 12.4 million yuan to 30.2 million yuan

* Says the net profit of FY 2016 was 35.6 million yuan

* Comments that increased raw material price and exchange loss as main reasons for the forecast

Source text in Chinese:goo.gl/ZDkrXB

Further company coverage: (Beijing Headline News)

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