October 25, 2017 / 2:58 AM / 2 months ago

BRIEF-Zhejiang Shuanghuan Driveline sees FY 2017 net profit up 30 pct to 60 pct

Oct 25(Reuters) - Zhejiang Shuanghuan Driveline Co Ltd :

* Sees FY 2017 net profit to increase by 30 percent to 60 percent, or to be 241.5 million yuan to 297.2 million yuan

* Says FY 2016 net profit was 185.7 million yuan

* The reasons for the forecast are increased demand of automatic transmission and recovery of construction machinery and commercial vehicles market as well as contribution of new projects Source text in Chinese: goo.gl/4wS4Fa Further company coverage: (Beijing Headline News)

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