Yangzijiang Shipbuilding Q2 net profit falls 6% on lower gross margin

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 generated revenue of 3.1 billion yuan, down from 5.2 billion yuan in the same period a year…