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2012 April 24   11:24

China State Shipbuilding earns CNY 2 billion in 2011

China State Shipbuilding Co Ltd a unit of the country biggest shipbuilder China State Shipbuilding Corp or CSSC net profit dropped 13.65%YoY to CNY 2.25 billion last year, reports China Knowledge.

Earnings per share were CNY 2.12 in 2011, and the company proposed a dividend of CNY 3 per ten shares.

The company operating revenue fell 3.87%YoY to CNY 28.70 billion last year of which CNY 22.37 billion was from shipbuilding segment and CNY 3.06 billion from diesel engine segment.

China State Shipbuilding received CNY 11.55 billion of orders in the year. As of the end of 2011, the company's outstanding ship orders had reached 13.98 million deadweight tons.


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