January 8, 2018 / 6:40 AM / 7 months ago

BRIEF-Zhejiang Kanglongda Special Protection Technology sees FY 2017 net profit down 6 pct to 16 pct

Jan 8(Reuters) - Zhejiang Kanglongda Special Protection Technology Co Ltd

* Sees FY 2017 net profit to decrease by 6 percent to 16 percent, or to be 79 million yuan to 88 million yuan

* Says FY 2016 net profit was 93.8 million yuan

* Says increased R&D costs, price rise in original auxiliary materials and exchange losses are the main reasons for the forecast

Source text in Chinese: goo.gl/z15dDc

Further company coverage: (Beijing Headline News)

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