BRIEF-Beijing Capital Development's 2016 net profit down 8.7 pct y/y

April 12 (Reuters) - Beijing Capital Development Co Ltd

* Says 2016 net profit down 8.7 percent y/y at 1.9 billion

yuan ($275.69 million)

Source text in Chinese: http://bit.ly/2p4XWeU

Further company coverage:

($1 = 6.8918 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)