Yangzijiang net profit sails by 89% with record high order book
The China-based shipbuilder recorded a net profit of RMB717.7m for the first quarter of 2021.
Shipbuilding giant Yangzijiang, which is lilsted on the SGX, reported an 89% increase in their net profit for the first quarter of 2021.
In a disclosure to the Singapore Exchange, the China-based firm said its net profit for the first quarter was at RMB717.7m
Despite lower revenues from shipbuilding activities for the quarter, the company has hit a 12-year high when it comes to outsanding order book. Standing at US$6.6b, Yangzijiang has an order log for 146 vessels.