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Yangzijiang Q4 net slips 15% as margins fall

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


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...

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