Restructuring Korean shipbuilder DSME has reduced its 2016 loss as it considers how to improve its liquidity.

The yard group said the net deficit last year was KRW 2.7 trillion ($2.36bn), down from KRW 3.3 trillion in 2015.

The operating loss came in at KRW 1.6 trillion, against KRW 2.94 trillion in 2015.

Revenue declined to KRW 12.7 trillion, from KRW 15 trillion.

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