The company said the net deficit to 31March was KRW 34.9bn ($34.1m), compared to a profit of KRW 20.3bn in the sameperiod of 2013.

The operating loss was KRW 80.8bn.TradeWinds reported an operating loss of KRW 10bn for the yard a year ago.

Revenue was KRW 965.4bn, while last year it reported KRW 908bn.