In a three-month period marked by a $932m deal for the construction of three LNGCs for the Yamal gas project, CSDC posted a net profit of CNY 65.6m ($10.7m), improving from last year’s loss of CNY 223m.

Operating revenue rose from CNY 2.97bn to CNY 3.15bn while financial expenses stood at CNY 344m, a 56% increase.

The China Shipping-controlled owner said construction in progress at the end of 30 September increased by CNY 1.33bn,