AVIC International Maritime's earnings for the first quarter jumped by a third on a two-thirds boost in revenue.

The offshoot of state-owned AVIC Group posted net profit of CNY 17.1m ($2.68m) for the three-month period, up 34% from the same period in 2017.

Revenue spiked 64% to CNY 140.8m, primarily due to strong performance in its project financing, ship-design and shipbuilding divisions.