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CSBC posts 72% plunge in H1 profit
Taiwan's state-owned shipbuilder CSBC announced a big drop in first half net profit as revenue also fell.
Net profit in the first six months plunged by 71.8% to NT$366.1m ($12.22m) compared to NT$1.3bn in the same period of 2011.
Revenue declined by 13.7% to NT$16bn compared to NT$14.07bn a year ago.
Lower margins from shipbuilding were blamed for the poorer set of results, according to CSBC.
Source: Seatrade-Asia
Net profit in the first six months plunged by 71.8% to NT$366.1m ($12.22m) compared to NT$1.3bn in the same period of 2011.
Revenue declined by 13.7% to NT$16bn compared to NT$14.07bn a year ago.
Lower margins from shipbuilding were blamed for the poorer set of results, according to CSBC.
Source: Seatrade-Asia
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