Segmentally, its core shipbuilding business generated higher revenue of RMB3.3 billion, following the delivery of 13 vessels. The 2 additional vessels delivered in 4QFY2019 compared to 4QFY2018 translates to a 6.5% increase in the revenue from the segment.
SINGAPORE (Feb 28): Earnings of mainboard-listed shipbuilder Yangzijiang Shipbuilding sank 30% to RMB642.3 million ($127.9 million) for 4QFY2019 ended December, from the RMB912.1 million logged a year ago.
This comes on the back of a 2% reduction in its revenue to RMB 4.8 billion in 4QFY2019 following lower volume of trading activities in the quarter.
