BRIEF-Ningbo Fuda returns to black in 2016 with net profit of 127.4 mln yuan

March 28 (Reuters) - Ningbo Fuda Co Ltd

* Says it returns to net profit of 127.36 million yuan

($18.49 million) in 2016 versus net loss of 1.16 billion yuan

year ago

Source text in Chinese:

Further company coverage:

($1 = 6.8863 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)