BRIEF-CMST Development's 2016 net profit up 15.1 pct y/y

March 17 (Reuters) - CMST Development Co Ltd

* Says 2016 net profit up 15.1 percent y/y at 767.4 million

yuan ($111.18 million)

Source text in Chinese: http://bit.ly/2mQp7Gz

Further company coverage:

($1 = 6.9025 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)