BRIEF-Xinjiang Zhongtai Chemical's 2016 net profit surges

March 20 (Reuters) - Xinjiang Zhongtai Chemical Co Ltd

* Says 2016 net profit up 5,959.1 percent y/y to 1.8 billion

yuan ($260.68 million)

Source text in Chinese: http://bit.ly/2mkjZ0B

Further company coverage:

($1 = 6.9050 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)