Yangzijiang Shipbuilding (Holdings) Ltd on Friday posted a profit of 807,65 million yuan (S$165,59 million) for the fourth quarter ended Dec 31, 2012, lower by 22 per cent than a year earlier's 1.04 billion yuan amid a slowdown in the shipbuilding sector.
Revenue for the fourth quarter of 2012 was at 3.56 billion yuan, down 32 per cent from a year earlier's 5.24 billion yuan.
For the full year of 2012, the group posted a revenue of 14.80 billion yuan, down 6 per cent from a year earlier. Profit for the full year fell 11 per cent to 3.58 billion yuan.
The group has proposed a final cash dividend of 5 Singapore cents, which translates to a dividend payout ratio of 27 per cent.
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