CSSC’s profits slide 38% in H1

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Beijing: CSSC (China State Shipbuilding Corp.) Holdings Ltd., the country's leading shipbuilder, announced Saturday it had made a net profit of 1.2 billion yuan (US$175.6 million) in the first half of the year, down 38.42 percent year on year. CSSC is having to get used to the unaccustomed: no orders. [10/08/09]