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2012 February 28   11:32

China Shipbuilding Industry profit to nearly triple in 2011

China Knowledge reported that China Shipbuilding Industry Company expects its net profit attributable to shareholders might have reached between CNY 4.69 billion to CNY 4.71 billion in 2011 reflecting YoY jump of 193.55% to 194.55%.

In a statement filed with the Shanghai Stock Exchange, the firm said that its parent co China Shipbuilding Industry Corporation has proposed to pay CNY 0.68 in cash to ten existing share held by each shareholder on the basis of 14.67 billion in the total share capital at the end of last year.

China Shipbuilding Industry said that Fiscal result for 2011 will be disclosed on April 26th 2012. The leading Chinese ship builder added CNY 40.97 billion worth of orders in the first 9 months of last year bringing its total order value to CNY 97.14 billion as of September 30th 2011.

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