India’s ABG Shipyard has revealed a deeper loss for the third quarter as revenue continues to suffer in the slump.
The company said its net deficit to 31 December was INR 12.7bn ($185.76m), against INR 2.9bn a year ago.
It blamed a jump in costs and a fall in revenue to INR 20m, down 93.5% year-on-year.
The company is struggling to win new orders.
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