Vyborg Shipyard’s loss increases in first half

Russia’s Vyborg Shipyard has posted a bigger loss in the first six months.

The company reported a net deficit of RUB 1bn ($15.31m) to 30 June, against RUB 678m a year ago.

Revenue was RUB 1.6bn from RUB 2.58bn in 2015.

In the first quarter, the yard lost RUB 571.14m. Revenue was RUB 734.91m.