Vyborg Shipyard of Russia has seen its loss widen in the first quarter as revenue fell.

The company said the net deficit to 31 March rose threefold to RUB 571.14m ($8.68m) from RUB 173.89m in 2015.

Total revenue decreased by 7.4% to RUB 734.91m over the same period.

It also posted an operating loss of RUB 687.34m, from a profit of RUB 3.88m