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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%

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.

Core shipbuilding...

sentifi.com

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