Corporate digest

Yangzijiang Shipbuilding

YANGZIJIANG Shipbuilding's first quarter net profit rose 38 per cent to 824.1 million yuan (S$166.7 million), from 595.1 million yuan a year ago. This comes on the back of an increase in vessels delivered and higher volume of trading activities. Revenue for the group was up 27 per cent to 6.29 billion yuan, from 4.96 billion yuan the year prior.

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