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Yangzijiang posts 208% surge in Q3 earnings

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Published Thu, Nov 9, 2017 · 09:50 PM

Singapore

HIGHER turnover helped boost earnings at Yangzijiang Shipbuilding (Holdings) by more than three times in the third quarter.

The Chinese shipbuilder on Thursday reported a net profit of 866 million yuan (S$177 million) for the three months ended Sept 30 - a whopping 208 per cent up on the 281.2 million yuan in the same period a year ago.

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