Suzhou China Create Special Material sees Q1 FY 2017 net profit up 40 pct to 80 pct

Suzhou China Create Special Material Co Ltd :

* Sees Q1 FY 2017 net profit to increase by 40 percent to 80 percent, or to be 10.0 million yuan to 12.8 million yuan

* Says Q1 FY 2016 net profit was 7.1 million yuan

* The reasons for the forecast are increased gross profit of appearance composite material for household appliance and contribution from unit’s factoring business

Source text in Chinese: goo.gl/5ZROmd

Further company coverage: (Beijing Headline News)

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