Yangzijiang Shipbuilding's Q4 profit soars 84%
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Singapore
YANGZIJIANG (YZJ) Shipbuilding's fourth-quarter net profit rose 84 per cent year-on-year to 1.25 billion Chinese yuan (S$252 million) for the three months ended Dec 31, 2018, helped by favourable foreign exchange gains.
A final dividend of five Singapore cents per share was proposed, up from 4.5 Singapore cents for 2017. YZJ Shipbuilding shares closed at S$1.44, up S$0.01 or 0.7 per cent after results were announced early Friday.
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