SINGAPORE Aug 6 China's Yangzijiang
Shipbuilding Holdings Ltd said on Wednesday its net
profit for the quarter ended on June 30 rose 52 percent to a
record high of 1.24 billion yuan ($201 million) on one-off
One of China's best shipyards, Yangzijiang said its revenue
in the second quarter eased 3 percent from a year earlier as
fewer vessels were delivered in the quarter compared to the same
period in 2013.
"The shipbuilding industry continued to exhibit signs of
recovery, and the Group continued to witness gradual increase in
new shipbuilding prices in tandem with a steady number of vessel
newbuild enquires," the company said in a statement.
($1 = 6.1705 Chinese Yuan)
(Reporting by Rujun Shen; Editing by Paul Tait)