Croatian shipyard 3 Maj fell to a substantial loss in 2018 as as revenue plunged.
The Uljanik Group-owned plant said the net deficit last year was HRK 713m ($105m), compared to an HRK 3m profit in 2017.
Revenue dropped to HRK 112m from HRK 797m, while operating expenses fell to HRK 705m from HRK 793m, the company said.
