BRIEF-Power Construction Corp of China's 2016 profit up, to acquire stake in Italy's Geodata

April 26 (Reuters) - Power Construction Corp Of China Ltd

* Says 2016 net profit up 29.3 percent y/y at 6.8 billion

yuan ($986.71 million)

* Says board approves unit and partner to set up project

company to buy 80 percent stake in Italy's Geodata

* Says board approves unit and partners to form project

company for pipe gallery project worth 3.9 billion yuan in

Yunnan province

Source text in Chinese:;

Further company coverage:

($1 = 6.8916 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)