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Yangzijiang Q4 profit plunges on impairments

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YANGZIJIANG Shipbuilding (YZJ) saw its fourth-quarter net profit plunge to 41.45 million yuan (S$8.9 million), 93 per cent down from 636.56 million yuan a year ago mainly on higher impairments and foreign exchange-related losses.

Singapore

YANGZIJIANG Shipbuilding (YZJ) saw its fourth-quarter net profit plunge to 41.45 million yuan (S$8.9 million), 93 per cent down from 636.56 million yuan a year ago mainly on higher impairments and foreign exchange-related losses.

Revenue fell 17 per cent to 3.13 billion

sentifi.com

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