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Yangzijiang Shipbuilding reports 62% y-o-y increase in earnings to RMB6.63 bil for FY2024

Nicole Lim
Nicole Lim • 2 min read
Yangzijiang Shipbuilding reports 62% y-o-y increase in earnings to RMB6.63 bil for FY2024
The group saw revenue growth in both shipbuilding and shipping segments, driven by vessel construction, higher newbuild prices, improved charter rates and fleet expansion. Photo: Yangzijiang Shipbuilding
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Yangzijiang Shipbuilding has reported earnings of RMB6.63 billion ($1.22 billion) for the FY2024 ended Dec 31, 2024, up 62% y-o-y from the RMB4.1 billion reported in the same period a year ago. 

For the 2HFY2024, earnings came in 51% higher y-o-y at RMB3.58 billion. 

Earnings per share for the FY2024 stood at 167.91 RMB cents per share, up from the 103.82 RMB cents per share declared in the same period a year ago. 

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