Yangzijiang Shipbuilding has reported a decline of just 17% in its second-quarter profit despite the disruptions caused by Covid-19.

China’s largest privately-owned shipbuilder posted net income for the period of CNY 773.9m ($111.4m), down from CNY 936.4m seen 12 months earlier.

The company said core shipbuilding revenue of CNY 3bn was “comparable” to the CNY 3.1bn