Malaysian shipbuilder TAS Offshore has seen its fourth quarter revenue turn negative as it racked up a bigger loss.

The net deficit in the three months to 31 May was MYR 19.68m ($4.82m), against a profit of MYR 2.26m in the same period of 2015.

Revenue was negative to the tune of MYR 6.48m, from MYR 73.9m last year, as it adjusted the prices of vessels already sold.

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