The South Korean shipbuilder reported a second quarter loss of KRW 200bn ($200m), according to a regulatory filing.

The figure was more than four times analyst’s estimates of KRW 48.8bn. A year ago the shipbuilder posted a loss of KRW 121.7bn.

Revenue for the three months was just shy of KRW 900bn versus the KRW 965.4bn seen in the first quarter of 2014.

As