Samsung Heavy Industries remains in red in Q2

An LNG-propelled crude carrier built by Samsung Heavy Industries / Courtesy of Samsung Heavy Industries

Samsung Heavy Industries on Friday reported its second-quarter net loss of 704.3 billion won ($ 591.2 million), remaining in the red compared with a year ago.

The company said in a regulatory filing that it continued to post an operating loss of 707.7 billion won for the April-June period, compared with a loss of 56.3 billion won a year earlier. Sales fell 4.5 percent to 1.69 trillion won.

The operating loss was 524.6 percent higher than the average estimate, according to the survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. (Yonhap)