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1570 — Weiye Holdings News Story

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Brief: Weiye Holdings expects to report a lower net profit for FY2016

Feb 22 (Reuters) - Weiye Holdings Ltd  WEIH.SI  
    * Group is expected to report a lower net profit 
attributable to owners of company for fy2016 
    * Group is expected to record a decrease in revenue of about 
40% and net profit  of about 31% for twelve months ended 31 
december 2016 
    * Lower revenue was mainly due to a delay of completion of 
certain property development projects 
 
Source text for Eikon:  ID:nSNZ9jHRB8  
Further company coverage:  WEIH.SI  
 
 ((Bangalore.newsroom@thomsonreuters.com;))

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