The restructuring Hong Kong and Shanghai-listed shipbuilderbooked a deficit of CNY 114m ($18.2m) for the three months to 31 March against a loss ofCNY 15.7m for the corresponding period of 2013.

However stripping out one off items the loss was reduced toCNY 54.8m from a deficit of CNY 64.5m in the first leg of last year.  

Revenue jumped to CNY 1.73bn