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China Shipbuilding's profit up 8.23% in Q3

Nov. 1, 2012 (China Knowledge) - China Shipbuilding Industry Co Ltd<601989>, the country's largest shipbuilder, has said its net profit attributable to shareholders increased 8.23% YoY to RMB 1.05 billion in the third quarter of this year.

According to a statement filed with Shanghai Stock Exchange, basic earnings per share for the period were RMB 0.07.

From July to September, the shipbuilder saw its operation revenue reach RMB 15.91 billion, edge up 5% than in the same period of last year.

In the first nine months of this year, the Shanghai listed company's operation revenue totaled RMB 45.1 billion, less than RMB 47.1 billion it realized in the corresponding period of 2011.

Net profit for the nine-month period plunged 19.24% YoY to RMB 3.62 billion with basic earnings per share of RMB 0.25.

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