Guangzhou Shipyard International has piled on the profit in the third quarter despite seeing a sizeable drop in revenues.
Cost-cutting and a positive reversal in foreign exchange fortunes were behind the rise as delays hit sales.
Net profit for the three months to the end of September was CNY 264.3m ($39.69m), a 61% hike on the CNY 164.5m taken in the comparable period last year.
This
