Ukraine’s Chernomorsky Shipyard increases profit in 2011 as productivity soared.
The Mykolaiv plant made UAH 1.25m ($156,000) on a net basis, up from UAH 0.86m in 2010.
Revenue rose from UAH 59.1m to UAH 135.9m as output doubled year-on-year.
The yard is mainly building cargoship hulls for Dutch yard group Damen.
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