Yangzijiang Shipbuilding (Holdings) has reported FY2020 earnings of RMB2.5 billion, down 19% from the preceding year. Revenue in the same period was down 37% to RMB14.8 billion.

Despite the full-year earnings decline, there was a marked improvement in 4QFY2020. Revenue for the quarter ended Dec 31 2020 was down 38% y-o-y to RMB3 billion. 

However, due to a more favourable mix of higher-margin contracts and other factors, earnings for the quarter was up 17% y-o-y to RMB753.5 million.


To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook