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YZJ shares up again on strong Q2 results
Gross margin lower but Q2 profit up 73% at 719.9m yuan on higher revenue and lower finance costs
Published Tue, Aug 8, 2017 · 09:50 PM
Singapore
SHARES in Yangzijiang Shipbuilding (Holdings) got a further boost on Tuesday after it posted strong second-quarter financial results and on news that the stock, the worst performing in 2016, has become the best performing this year.
The stock rose as much as 8.4 per cent to an intra-day high of S$1.605 before closing 4.7 per cent higher at S$1.55. Some 40.5 million shares changed hands.
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