Fincantieri flipped to the black in 2016 thanks largely to the strength in its cruiseship and defence businesses, while the offshore sector continues to see weak demand.
The company reported EUR 60m ($64.6m) for last year compared to a full-year loss of EUR 252m in 2015 as revenue grew 6% to EUR 4.4bn.
Chief executive Giuseppe Bono says the Italian shipbuilder could begin paying a dividend starting from 2017 onwards as Fincantieri "has left behind the longest sector crisis on record."
Fincantieri
