SOUTH Korean fabrication giant Daewoo Shipbuilding & Marine Engineering has reported another net loss in the quarter ending 30 September 2021, due to lower revenue. The net loss was 54.5 billion won ($46 million) compared with a net loss of 29.2 billion won one year ago. Revenue of 959.7 billion won fell 33.4% compared to the same quarter last year. The company reported an operating loss of 19 billion won in the quarter, from an operating profit of 33.6 billion won one year earlier. Net losses were also reported in the first and second quarters of this year. "A drop in working days caused by summer holidays and extended rainy days decreased the third-quarter sales, but sales are expected to improve in the fourth quarter," Daewoo said in a statement to the Yonhap News Agency.
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