China Shipbuilding Industry Company Limited (CSICL) has posted stronger results for the first nine months of 2018, supported by a recovery in newbuilding markets and reduced financing costs.
The Shanghai-listed flagship unit of China Shipbuilding Industry Corp, one of the two largest state-owned shipbuilding conglomerates in China, recorded a 28% on-year gain in net profit to CNY 1.42bn ($203m) in the period.
