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Yangzijiang posts 49% rise in 1Q earnings to $135 mil

PC Lee
PC Lee4/27/2017 10:00 PM GMT+08  • 1 min read
Yangzijiang posts 49% rise in 1Q earnings to $135 mil
SINGAPORE (April 27): Yangzijiang Shipbuilding saw a 49% rise in 1Q earnings to RMB 667.7 million yuan ($135.4 million).
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SINGAPORE (April 27): Yangzijiang Shipbuilding saw a 49% rise in 1Q earnings to RMB 667.7 million yuan ($135.4 million).

Earnings per share rose to RMB 17.42 from RMB 11.69 cents a year ago.

Revenue for the three months ended March rose 73% to RMB 4.68 billion. Revenue from its core shipbuilding business increased by 43% to RMB 2.89 billion with 14 vessels being delivered during the quarter.

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