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Shanghai Bestway posts strong increase in 2014 earnings

Shanghai Bestway posts strong increase in 2014 earnings
China’s Shanghai Bestway Marine Engineering Design has improved its earnings for the financial year 2014.

The ship designer posted a full year net profit of RMB45.78m ($7.32m), representing a significant increase from the gain of RMB11.99m in the previous financial year.

Revenue also surged to RMB845.09m from RMB236.94m in 2013 due mainly to higher contributions from its ship designer engineering services and its relatively new business in the sales of LNG.