View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 10, 2011updated 10 Mar 2022 2:44pm

Yangzijiang reports Q3 profit rise

Yangzijiang Shipbuilding has reported a profit of RMB959.6m ($151.35m) for the third quarter of 2011, an increase of 32% compared to RMB724.6m ($114.28m) recorded in Q3 2010.

Yangzijiang Shipbuilding has reported a profit of RMB959.6m ($151.35m) for the third quarter of 2011, an increase of 32% compared to RMB724.6m ($114.28m) recorded in Q3 2010.

The Chinese shipyard’s third-quarter revenue increased by 12% to RMB3.46bn ($545.72m) compared to RMB3.08bn ($485.78m) for the same time in 2010.

In the third quarter of 2011 the company delivered 19 vessels compared to 14 vessels delivered in third quarter of 2010.

The company said the improvement in gross profit was mainly due to the higher margin shipbuilding contracts delivered and under construction which were secured prior to the financial crisis.

As of 30 September 2011, the company’s order book stood at 114 vessels worth a total of $5.3bn.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Ship Technology