BRIEF-Cosco Shipping Development returns to net profit in 2016

March 30 (Reuters) - COSCO Shipping Development Co Ltd

* Says it returns to net profit of 368.6 million yuan

($53.51 million) in 2016

Source text in Chinese: http://bit.ly/2nPbY37

Further company coverage:

($1 = 6.8880 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)