Yangzijiang Shipbuilding's profit sank 17% to $152.58m in Q2

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No Revenue from its core shipbuilding business fell. Yangzijiang Shipbuilding (YZJ Shipbuilding) saw its profit attributable to equity holders crash 17% YoY to $152.58m (RMB7773.92) in Q2 from $184.62m (RMB936.43m) in Q2 2019, an announcement revealed. Likewise, revenue also dropped 32% YoY to $940.4m (RMB4.77b) from $1.39b (RMB7.03b) over the same period. Revenue from the core shipbuilding was $591.49m (RMB3b) for Q2, compared to $611.09 (RMB3.1b) in Q2 2019. Sixteen vessels were delivered in the same quarter, slightly lower compared to 18 in Q2 2019. read more