BRIEF-Ningbo Joyson Electronic sees Q1 profit up, plans sale of Europe asset

April 14 (Reuters) - Ningbo Joyson Electronic Corp

* Says 2016 net profit up 13.5 percent y/y at 453.7 million

yuan ($65.90 million)

* Says it expects Q1 net profit to rise 70-80 percent y/y

from 120.7 million yuan year ago

* Says it plans to invest 200 million yuan to set up

property insurance JV with registered capital at 1.0 billion


* Says it plans to sell Preh Ima Automation GmbH for at

least 130 million euros ($138.13 million) to Pia Automation

Holding GmbH

Source text in Chinese:;;;

Further company coverage:

($1 = 6.8850 Chinese yuan renminbi)

($1 = 0.9412 euros)

(Reporting by Hong Kong newsroom)