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Yangzijiang reports 10% lower 3Q earnings of RMB779 mil on higher expenses, lower other gains

PC Lee
PC Lee11/7/2018 09:37 PM GMT+08  • 2 min read
Yangzijiang reports 10% lower 3Q earnings of RMB779 mil on higher expenses, lower other gains
SINGAPORE (Nov 7): Yangzijiang Shipbuilding, the global shipbuilder based in China, reported 3Q18 earnings ended Sept of RMB778.6 million ($154 million), 10% lower compared to a year ago on higher expenses and lower other gains.
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SINGAPORE (Nov 7): Yangzijiang Shipbuilding, the global shipbuilder based in China, reported 3Q18 earnings ended Sept of RMB778.6 million ($154 million), 10% lower compared to a year ago on higher expenses and lower other gains.

This brings 9M earnings to RMB2.4 billion, 5% lower than a year ago.

Group’s total revenue increased by 23% to RMB5.4 billion in 3Q18. In the shipbuilding segment, six vessels were delivered in 3Q18, compared to nine in 3Q17.

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