April 19, 2018 / 8:56 AM / 3 months ago

REFILE-BRIEF-Time Publishing And Media's 2017 Net Profit Down 25.4 Percent Y/Y

(Refiles with additional brief, bullet point)

April 19 (Reuters) - Time Publishing and Media Co Ltd :

* SAYS 2017 NET PROFIT DOWN 25.4 PERCENT Y/Y AT 300.2 MILLION YUAN ($47.81 million)

* SAYS IT PLANS TO INVEST 200 MLN YUAN TO SET UP BUYOUT FUND WORTH 500 MLN YUAN WITH PARTNER Source text in Chinese: bit.ly/2HylUsa; bit.ly/2HdlOm9 Further company coverage: ($1 = 6.2786 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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