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China Ocean Shipbuilding warns of more losses in H1

China Ocean Shipbuilding warns of more losses in H1
China Ocean Shipbuilding Industry Group Limited warned that it expects to continue to post further losses for the first half amid a "significant decrease in revenue"

"The decrease in revenue and increase in loss were mainly due to the downturn of shipbuilding market, decrease in the market selling price of ships, appreciation of Renminbi and the absence of a one-off gain on settlement of deferred consideration in 2013," the company said in a stock market announcement.