Namura Shipbuilding has cut its first-half year earnings forecast.
The Japanese shipyard said net profit for the six months to 30 September will be around JPY 481m, down 19% from its previous estimate of JPY 600m.
The revenue forecast was also reduced to JPY 55.1bn, falling 13% from an initial forecast.
But it expects operating profit of $1.7bn, a rise of 7.9% from previous forecast.
Meanwhile, the yard said that the cancelled newbuilding, originally ordered by Sanko Steamship, will be sold on a resale deal within the year.
Published : November 9, 2012