In FY16, revenue from shipbuilding business declined by 14% to RMB10.5 billion. This was due to the relatively smaller size and the lower contract value of the vessels delivered, despite the total number of vessel delivery increasing to 39 from 36 a year ago.
SINGAPORE (March 1): Yangzijiang Shipbuilding, the China-based shipbuilder, reported a more than 14-fold surge in 4Q earnings to RMB608 million from a year ago, bringing FY16 earnings to RMB1.8 billion ($368 million).
Revenue for the 4Q ended Dec rose 76% to RMB5.5 billion while FY16 revenue dipped 6% to RMB15.1 billion.
