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Yangzijiang posts 1% fall in Q3 profit

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Angela Tan

Angela Tan

Published Fri, Nov 7, 2014 · 09:50 PM

Singapore

YANGZIJIANG Shipbuilding reported on Friday that its net profit for the third quarter ended Sept 30, 2014, slipped one per cent to 811.19 million yuan (S$172 million) due to lower gross profit, other income and other gains.

Earnings per share were 21.17 fen, compared to 21.42 fen. Revenue, however, rose 2 per cent to 3.74 billion yuan. Shipbuilding-related segment remained its core revenue driver, contributing about 88.4 per cent.

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