Taiwan's Evergreen Marine has posted a bigger loss for 2016 as costs outstripped revenue.

The company said the net deficit was TWD 8.56bn ($281.87m), compared to TWD 4.73bn in 2015.

Revenue dropped to TWD 124.5bn from TWD 133.8bn, while operating costs were TWD 128bn, against TWD 132bn a year ago.

Finance expenses also rose.

The operating loss was up to TWD 7.85bn, from TWD 3.84bn.

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