AVIC International Maritime Holdings has seen red in its third quarter bottom line despite an increase in revenue.
The shipbuilder reported a net loss of CNY 8.6m ($1.26m), compared to a profit of CNY 3.2m a year ago.
But AVIC managed to boost its quarterly revenue from CNY 131.9m, to CNY 149.5m.
It explained this improvement was supported by vessel sales despite a challenging shipbuilding market.
Diao
