GUANGZHOU Shipyard International Co, the only Hong Kong-listed shipbuilder, said profit in 2007 may have more than tripled, helped by increased production.

Net income in 2006 was 293.6 million yuan (US$41 million), or 0.59 yuan a share, Guangzhou Shipyard said in a statement to the Hong Kong Stock Exchange last Friday, without giving specific figures for 2007.