Home Capital Results

Yangzijiang Shipbuilding reports higher 1HFY2022 earnings from continuing operations

The Edge Singapore
The Edge Singapore8/7/2022 04:41 PM GMT+08  • 2 min read
Yangzijiang Shipbuilding reports higher 1HFY2022 earnings from continuing operations
Photo: Yangzijiang Shipbuilding
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Yangzijiang Shipbuilding (Holdings) has reported earnings of RMB1.37 billion for its 1HFY2022 ended June 30, down 17% y-o-y. However, earnings from continued operations for the same period was up 32% y-o-y to RMB1.2 billion.

Earnings from the company’s financing and investment businesses were largely no longer included following the separate listing of Yangzijiang Financial Holding in April this year.

Revenue for the six-month period was up 70% y-o-y to RMB 9.74 billion, as the company rode on a shipbuilding boom and delivered a record number of vessels.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.