BRIEF-Xinxing Ductile Iron Pipes posts fall in 2016 net profit, sees Q1 up

April 14 (Reuters) - Xinxing Ductile Iron Pipes Co Ltd

* Says preliminary 2016 net profit falls to 440.2 million

yuan ($63.93 million) from 599.6 million yuan year ago

* Says it expects Q1 net profit rise to 195-245 million yuan

from 39.1 million yuan year ago

Source text in Chinese: http://bit.ly/2pekQk2;

http://bit.ly/2obXBTC

Further company coverage:

($1 = 6.8860 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)