October 13, 2017 / 4:00 AM / in 2 months

BRIEF-Yinbang Clad Material sees Q1 to Q3 of FY 2017 net profit down 17.8 pct to 46.8 pct

Oct 13(Reuters) - Yinbang Clad Material Co Ltd

* Sees Q1 to Q3 of FY 2017 net profit to decrease by 17.8 percent to 46.8 percent, or to be 5.5 million yuan to 8.5 million yuan

* Says Q1 to Q3 of FY 2016 net profit was 10.3 million yuan

* Says decrease in capacity and increase in cost are the main reasons for the forecast

Source text in Chinese:goo.gl/cN8hgi

Further company coverage: (Beijing Headline News)

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