China State Shipbuilding Q1 Net Profit Up 11.25%

China State Shipbuilding (600150) reported that first quarter revenue and net profit attributable to shareholders increased 3.18 percent year-on-year and 11.25 percent year-on-year to 5.63 billion yuan and 693.28 million yuan respectively, according to a company filing. Earnings per share hit 1.046 yuan.
The company plans to pay cash dividends of eight yuan (pre-tax) for every 10 shares held.
The dividend payment plan is pending the approval of shareholders.