A Shanghai-listed branch of China State Shipbuilding Corp(CSSC), Jiangnan booked a net loss of CNY 33.27m ($5.46m), down from a CNY 4.93m loss inthe same period of last year.
Revenue during the quarter rose to CNY 263.97m from CNY 185.81ma year ago but falling prices squeezed profit margins.
Jiangnan expects to book a full year loss after the firstnine months of 2013 came in CNY 94.8m
