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

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.