Shanghai-listed CSSC Holdings, the flagship listed unit of China State Shipbuilding Corporation (CSSC), posted a 43% rise in profit to CNY171.7 million (USD26.8 million) in the first six months in 2015 from a year ago.
This increase was largely due to higher revenues from newbuildings.
Revenues also gained 3% year-on-year to CNY14.2 billion, a stock filing of CSSC Holdings said on 28 August.
Excluding one-off gains, the yard’s profit rose 31% year-on-year to CNY133.4 million.
The company won new orders for nine vessels of 982,400 million dwt. It delivered 28 vessels of 2.9 million dwt. As of 30 June, the company’s orderbook totalled 139 vessels of 17.7 million dwt. It also had 10 jackup drilling rig newbuildings on order.
This post was sourced from IHS Maritime 360: View the original article here.
