Singapore-listed Yangzijiang has reported a 32% higher net profit for the first half of 2022.

The Jiangsu-based shipbuilder said “continuing operations” enabled it to register CNY 1.2bn ($177m) net profit, up from CNY 887m in the same period of 2021.

Yangzijiang said the group recorded a 70% increase in revenue of CNY 9.7bn from the same period a year ago, backed by higher contributions from all segments including shipbuilding and shipping.