Shipbuilder Severnaya Verf in St Petersburg has posted a bigger loss as revenue shrank.

The Russian yard said the net deficit in the first nine months was RUB 973m ($16.89m), against RUB 403m in the same period of 2016.

Revenue decreased to RUB 10.20bn against RUB 11.70bn a year ago.

Operating costs were RUB 11bn.

In the first half of 2017, the loss was RUB 448m.