04-11-2015, 10:48 AM
Time for a review again, after the quarterly report. The trading biz seems booming. The government compensation for relocation, is delayed for quite a while. It should be already in the book, more than one year ago...
(vested)
Yangzijiang posts 16% decline in earnings for 3QFY2015
SINGAPORE (Nov 4): Yangzijiang Shipbuilding posted a 16% decline in earnings to RMB680.6 million ($150.2 million) for 3QFY2015.
Revenue grew 10% to RMB 3.7 billion, on the back of high revenue contributions from all its business segments. Revenue from its shipbuilding business grew 9% to RMB3.3 billion, owing to the nine vessels delivered during the quarter, one more than in 3QFY2014.
Its trading business recorded a 74.7% surge in revenue to RMB375.8 billion, on the back of higher volumes of trading activities. The group also saw a three-fold increase in its shipping logistics, chartering and ship design services business revenue to RMB55.1 million.
The group also recognised a three-fold increase in other gains, boosted by the RMB557 million recognised of the compensation received from government for the relocation of the former shipyard at Jiangyin. The total compensation amount is RMB715 million, though the remainder will be recognised when certain conditions are met.
...
http://www.theedgemarkets.com/sg/article...s-3qfy2015
(vested)
Yangzijiang posts 16% decline in earnings for 3QFY2015
SINGAPORE (Nov 4): Yangzijiang Shipbuilding posted a 16% decline in earnings to RMB680.6 million ($150.2 million) for 3QFY2015.
Revenue grew 10% to RMB 3.7 billion, on the back of high revenue contributions from all its business segments. Revenue from its shipbuilding business grew 9% to RMB3.3 billion, owing to the nine vessels delivered during the quarter, one more than in 3QFY2014.
Its trading business recorded a 74.7% surge in revenue to RMB375.8 billion, on the back of higher volumes of trading activities. The group also saw a three-fold increase in its shipping logistics, chartering and ship design services business revenue to RMB55.1 million.
The group also recognised a three-fold increase in other gains, boosted by the RMB557 million recognised of the compensation received from government for the relocation of the former shipyard at Jiangyin. The total compensation amount is RMB715 million, though the remainder will be recognised when certain conditions are met.
...
http://www.theedgemarkets.com/sg/article...s-3qfy2015