China's largest conglomerate of shipyards has announced a 15% fall in profit from a year ago.
Shanghai-quoted China Shipbuilding Industry Corporation (CSIC) posted a third quarter profit of RMB 1.03bn ($162m).
This compares with CNY 1.18bn for the same period in 2010.
CSIC experienced a firm first half of 2011 with profits up by more than 25%.
Its earnings to 30 June were CNY 3.3bn
