AVIC International Maritime Holdings Limited announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported revenue of RMB 134,829,000 against RMB 208,165,000 a year ago. Profit before income tax was RMB 11,087,000 against RMB 2,986,000 a year ago. Profit attributable to equity holders of the Company was RMB 5,152,000 or 1.80 cents per fully diluted share against RMB 1,342,000 or 0.47 cents per fully diluted share a year ago. The Groups revenue decreased by RMB 73.3 million or 35% compared with the same period a year ago. The decrease was mainly due to: (1) shipbuilding construction service revenue decreasing by RMB 42.2 million to RMB 0.04 million due to the completion of Fiji project, and (2) revenue from sale of vessels declining by RMB 76.3 million to nil as there was no vessel sale in third quarter of 2018. However, the revenue decrease was partially offset by: (1) RMB 26.9 million increase in ship-design service revenue to RMB 90.2 million, and (2) shipbuilding project financing income increasing by RMB 19.5 million to RMB 32.7 million arising from provision of financing to related party shipyards for the construction of vessels. For the nine months, the company reported revenue was RMB 427,047,000 against RMB 466,197,000 a year ago. Profit before income tax was RMB 53,122,000 against RMB 49,894,000 a year ago. Profit attributable to equity holders of the Company was RMB 26,319,000 or 9.22 cents per fully diluted share against RMB 32,961,000 or 11.54 cents per fully diluted share a year ago.