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Non-Tech : Shipbuilders and shipyards

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From: Lynn	10/29/2008 7:18:46 AM
	of 61

China State Shipbuilding net profit up 48.64% in Q3 Oct. 29, 2008 (China Knowledge) - China State Shipbuilding Co Ltd (CSSC)<600150>, the Shanghai-listed unit of the country's biggest shipbuilder China State Shipbuilding Corp, announced on Tuesday that its net profit for the third quarter of this year surged 48.64% year-on-year to hit RMB 1.24 billion, fuelled by investment gain. In the Jul. to Sep. period, the company's revenue surged 45% year-on-year from RMB 5.26 billion to RMB 7.64 billion. Earnings per share stood at RMB 1.818. Investment gain soared to RMB 54 million, compared with RMB 10.6 million in the same period last year, according to its financial report filed with the Shanghai Stock Exchange. For the first nine months this year, CSCS posted net profit of RMB 3.153 billion. Earnings per share were RMB 4.759, up 8.3% from a year earlier. Revenue soared 41.89% to 18.39 billion from the corresponding period last year. Shares of CSCS went up 4.52% to RMB 34.25 at 2:45 pm on Wednesday. Copyright © 2008 www.chinaknowledge.com chinaknowledge.com

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