Singapore-listed JES booked a deficit for the period of CNY 133.09m ($21.84m) compared to a profit of CNY 11.73m in the corresponding period last year.

Revenue collapsed to just CNY 54.17m from CNY 838m as the yard handed over just one 47,500-dwt vessel during the third quarter.

Jes also reversed some revenue recognised in the first half of 2013 for one contract cancellation in the third quarter this year.

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