BRIEF-Hesteel sees Q1 net profit up after 2016 rise

April 14 (Reuters) - Hesteel Co Ltd

* Says preliminary 2016 net profit up 170.2 percent y/y at

1.5 billion yuan ($217.83 million)

* Says it expects Q1 net profit to rise to 620-650 million

yuan from 116.8 million yuan year ago

Source text in Chinese: http://bit.ly/2pAplBO;

http://bit.ly/2oeGEr2

Further company coverage:

($1 = 6.8860 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)