Lungteh Shipbuilding Co. Ltd.TWSE: 6753

Lungteh Shipbuilding: Q1 115 revenue grew 7% and net income nearly doubled, with gross margin at 33%

· Issued by Lungteh Shipbuilding Co. Ltd.

Q1 115 saw revenue rise 7% year-over-year to NT$1.32 billion and net income nearly double to NT$317 million, with gross margin improving to 33%. Cash flow from operations was negative, but strong order backlog and robust segment performance support a positive outlook.

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