Yangzijiang Shipbuilding Q2 net profit falls 6% on lower gross margin
Rising raw material and labour costs in shipbuilding cut margin to 18% from 21%
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Singapore
YANGZIJIANG Shipbuilding posted a net profit of 936 million yuan (S$186 million) in the second quarter, down 6 per cent from the same period a year earlier.
Revenue in the three months ended June 30 was seven billion yuan, down 12 per cent.
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