Yangzijiang Shipbuilding has made a weaker start to 2016 with its first quarter net profit down by 36% on a year ago.
The Singapore-listed Chinese shipbuilder said its net profit was CNY 459.6m ($71m) for the first three months of 2016 against CNY 715.6m a year ago.
Revenue came in at CNY 2.7bn, a year-on-year decline of 11%, while costs were down 9% year-on-year to CNY 2bn.
Yangzijiang
