BRIEF-Angel Yeast's 2016 profit soars, plans project in Egypt

March 15 (Reuters) - Angel Yeast Co Ltd

* Says 2016 net profit up 91.0 percent y/y at 535.1 million

yuan ($77.42 million)

* Says it plans to invest 333.0 million yuan in yeast

extract project in Egypt

* Says it plans to invest 100 million yuan in research

centre project

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($1 = 6.9115 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)