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Yangzijiang Q4 net slips 15% as margins fall

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WEIGHED DOWN: "Vessel prices for orders placed post-crisis were comparatively lower than pre-crisis orders," Yangzijiang said.

Singapore

YANGZIJIANG Shipbuilding on Friday reported that its net profit for the fourth quarter ended Dec 31, 2014, fell 15 per cent to 636.56 million yuan (S$138 million), from the year-ago period.

Revenue rose 12 per cent to 3.78 billion yuan but gross profit fell 41 per cent to