BRIEF-Oceanwide Holdings sees Q1 net profit up after 2016 rise

April 14 (Reuters) - Oceanwide Holdings Co Ltd

* Says preliminary 2016 net profit up 38.0 percent y/y at

3.1 billion yuan ($450.16 million)

* Says it expects Q1 net profit to rise 120-150 percent y/y

to 403.4-458.4 million yuan

Source text in Chinese: http://bit.ly/2pg9Hfz;

http://bit.ly/2otBtW5

Further company coverage:

($1 = 6.8864 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)