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Yangzijiang posts 38% higher 2Q earnings of $199 mil on revenue growth

Michelle Zhu
Michelle Zhu8/7/2018 10:28 PM GMT+08  • 3 min read
Yangzijiang posts 38% higher 2Q earnings of $199 mil on revenue growth
SINGAPORE (Aug 7): Yangzijiang Shipbuilding (YZJ) announced earnings of RMB 994.9 million ($198.7 million) for the 2Q ended June, up 38% from RMB 719.9 million a year ago on higher revenue.
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SINGAPORE (Aug 7): Yangzijiang Shipbuilding (YZJ) announced earnings of RMB 994.9 million ($198.7 million) for the 2Q ended June, up 38% from RMB 719.9 million a year ago on higher revenue.

This brings the group’s earnings for 1H18 to RMB1.6 billion, 15% higher compared to RMB 1.4 billion in 1H17.

Revenue for 2Q18 more than doubled to RMB 8 billion from RMB 3.8 million previously on higher contributions from the shipbuilding business, which resulted from an increased number of vessels delivered, higher shipbuilding activities as well as the progressive construction and delivery of larger-sixed vessels this quarter.

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