Ukraine's Kherson Shipyard has decreased its loss by UAH 419.65m to UAH 319.124m ($12.14m) in 2016.
Revenue was down at UAH 14.71m year-on-year to UAH 3.21m, the Ukrainian News Agency reported.
Last July, the economic court of the Kherson region decided to start the liquidation of the yard.
Businessman Vadim Novinsky's Smart Holding controls Kherson.
