Hyundai Heavy Industries (HHI) has posted a worse than expected net loss for the fourth quarter, creating greater concerns over the shipbuilding industry’s outlook.
The world’s largest yard group said the net deficit in the three months to December was KRW 369.7bn ($309.9m), versus an estimated profit of KRW 38.5bn.
This figure compared with the record loss of KRW 2.2 trillion logged at the same stage in 2014.
HHI’s
