BRIEF-Neway Group expects to turnaround to a profit in range of about HK$60 mln to HK$75 mln for FY16

March 9 (Reuters) - Neway Group Holdings Ltd

* Expected to turnaround to a profit in range of

approximately hk$60 million to approximately hk$75 million for

fy 2016

* Expected result due to reduction in staff and material

costs

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(bangalore.newsroom@thomsonreuters.com)