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China CSSC Holdings 1H net profit up 4 pct on growth in ship building business

08-01-2010 10:08 BJT

BEIJING, July 31 (Xinhua) -- China CSSC Holdings Ltd., the country's largest shipbuilder, said Saturday it was profitable in the first half as its shipbuilding business grew.

Net profit in the first half rose 4 percent year on year to 1.2 billion yuan (184 million U.S. dollars), the company said in a statement filed with the Shanghai Stock Exchange.

Earnings rose to 1.884 yuan per share in the first half from 1.811 yuan in the same period last year.

Declines in ship-repairing revenue were offset by growth in ship-building revenue, the company said.

The company controls 60 sole proprietorship enterprises and shareholding institutions.

Its A-share price dipped 0.47 percent to 59.75 yuan Friday.

Editor:Yang Jie |Source: Xinhua

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