In releasing its results on Monday (August 12) evening, Yang...

In releasing its results on Monday (August 12) evening, Yangzijiang Shipbuilding noted that the group's gross profit margin for the first half of the year increased by 8.1 percentage points year-on-year to 26.7 percent, mainly due to the effect of the depreciating exchange rate of the renminbi against the U.S. dollar (the effect of the conversion of U.S. dollar revenues to the renminbi), as well as revenues from contracts that were more favorably priced. $YZJ Shipbldg SGD (BS6.SG)$