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Yangzijiang Q1 profit tumbles 51% following China lockdown
Add BT as a preferred sourceNg Ren Jye
Published Thu, Apr 30, 2020 · 09:50 PM
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Singapore
YANGZIJIANG Shipbuilding's net profit halved to 403.8 million yuan (S$80.8 million) for its first quarter ended March 31, 2020, from 824.1 million yuan a year ago.
The drop in net profit followed a slowdown in production during the quarter due to China's government-ordered temporary shutdown to contain the Covid-19 outbreak, the company said late Wednesday night.
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