BRIEF-Jia Yao Holdings Sees Decrease In FY Net Profit After Tax By About 50% To 70%

March 17 (Reuters) - Jia Yao Holdings Ltd:

* EXPECTED DECREASE IN NET PROFIT AFTER TAX FOR YEAR BY ABOUT 50% TO 70%

* EXPECTED RESULT DUE TO INCREASE IN RESEARCH AND DEVELOPMENT EXPENSES Source text for Eikon: Further company coverage: