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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
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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.

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