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Yangzijiang reports 2HFY2021 earnings of RMB2.06 bil; moving ahead with spin off of investment business

The Edge Singapore
The Edge Singapore2/27/2022 04:38 PM GMT+08  • 2 min read
Yangzijiang reports 2HFY2021 earnings of RMB2.06 bil; moving ahead with spin off of investment business
The investment business to be spun off will look at various asset classes such as private debt, mezzanine financing and REITs
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Yangzijiang Shipbuilding (Holdings) has reported better earnings for 2HFY2021, in line with higher revenue.

For the six months ended Dec 2021, the company reported earnings of RMB2.06 billion ($440 million), up 54% y-o-y, bringing full-year earnings to RMB3.7 billion, up 47% over FY2020.

Revenue for 2HFY2021 was up by 55% y-o-y to RMB10.17 billion, while FY2021 revenue ended at RMB16.77 billion, up 13% over F2020.

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