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2012 October 31   13:06

Guangzhou Shipyard posts RMB44.6m Q3 loss

Continuing the poor performance of Chinese yards, Guangzhou Shipyard posted a third quarter loss of RMB44.6m as sales slumped by a third to RMB1.4bn, Seatrade Asia online reports.

The company blamed lower prices and provisions for possible cancellations for the poor results.

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