SINGAPORE (Apr 30): Mainboard-listed shipbuilder Yangzijiang Shipbuilding booked earnings of RMB403.8 million ($80.6 million) for 1QFY2020 ended March, some 51% lower than earnings of RMB824.1 million a year ago. 

This denotes earnings per share (EPS) of 10.31 RMB cents, a steep decline from EPS of 20.88 RMB cents in 1QFY2019. 

The plunge in the group’s bottom line figures for the quarter under review comes amid government-mandated lockdowns in China due to the Covid-19 outbreak, which had in turn adversely impacted the group’s productions for a few weeks.

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