Yangzijiang Shipbuilding Q1 bottom line falls 11% to 595m yuan
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
MAINBOARD-listed shipbuilder Yangzijiang (YZJ) Shipbuilding recorded a 10.9 per cent fall in net profit to 595.1 million yuan (S$124.9 million) for the first quarter.
This was mainly due to the appreciation of the Chinese renminbi against the US dollar and the increase in raw material prices which had contributed to an increase the company's cost of sales by 8 per cent to 4.1 billion yuan, it said on Thursday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
