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

March 31 (Reuters) - Beijing Capital Development Co Ltd

* Says 2016 preliminary net profit down 8.7 percent y/y at

1.9 billion yuan ($275.78 million)

Source text in Chinese: http://bit.ly/2npiw5C

Further company coverage:

($1 = 6.8896 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)