BRIEF-Shandong Tongda Island New Materials sees FY 2017 Q1 net profit to decrease by 20 pct to 45 pct
April 10 Shandong Tongda Island New Materials Co Ltd :
* Sees net profit for FY 2017 Q1 to decrease by 20 percent to 45 percent, or to be 3.6 million yuan to 5.2 million yuan, compared to net profit of FY 2016 Q1 (6.5 million yuan)
* Says increased price of raw material as main reason for the forecast
Source text in Chinese: goo.gl/kLUuwY
Further company coverage: (Beijing Headline News)