BRIEF-Hesteel's net profit up sharply in Q1, 2016

April 27 (Reuters) - Hesteel Co Ltd

* Says 2016 net profit up 171.3 percent y/y at 1.6 billion

yuan ($232.15 million)

* Says Q1 net profit up 455.7 percent y/y at 649.3 million

yuan

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

http://bit.ly/2p6W840

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($1 = 6.8920 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)