SINGAPORE (Feb 28): Earnings of mainboard-listed shipbuilder Yangzijiang Shipbuilding sank 30% to RMB642.3 million ($127.9 million) for 4QFY2019 ended December, from the RMB912.1 million logged a year ago.

This comes on the back of a 2% reduction in its revenue to RMB 4.8 billion in 4QFY2019 following lower volume of trading activities in the quarter.

Segmentally, its core shipbuilding business generated higher revenue of RMB3.3 billion, following the delivery of 13 vessels. The 2 additional vessels delivered in 4QFY2019 compared to 4QFY2018 translates to a 6.5% increase in the revenue from the segment.

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