Shares of Yangzijiang Shipbuilding (BS6.SI) surged 10% in early trading on Thursday, following the company's announcement of record-breaking financial results for the first half of fiscal year 2025. The stock's strong performance comes on the heels of a 2.3% gain in the previous session, reflecting investors' positive reaction to the shipbuilder's robust earnings report.
Yangzijiang Shipbuilding reported a remarkable 36.7% year-on-year increase in net profit, reaching 4.2 billion yuan (S$752.6 million) for the six months ended June 30. This stellar performance was achieved despite a slight 1.3% dip in revenue to 12.9 billion yuan. Notably, the company's net profit margin expanded significantly, rising to 32.5% from 23.4% in the same period last year, while earnings per share climbed to 1.0602 yuan from 0.7742 yuan.
The shipbuilder's impressive results underscore its operational efficiency and strong market position in the face of challenging global economic conditions. As investors digest the positive news, the stock's upward movement suggests growing confidence in Yangzijiang Shipbuilding's future prospects and its ability to navigate the complexities of the global shipbuilding industry.
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