Samsung Heavy Industries books operating deficit in Q2

The entire South Korean shipyard industry is in the midst of a crisis and Samsung Heavy Industries is no exception. The yard booked an operating loss in the second quarter 2016, where the ongoing restructuring played an important role, writes The Korea Herald.

by GRETCHEN PEDERSEN

Major South Korean shipyards are struggling with weak demand and this also applies to Samsung Heavy Industries, which delivered an operating loss in the second quarter 2016, as the company undergoes a big restructuring in order to survive the crisis.

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Media: South Korean yards will take a hit in Q2
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South Korean President: Yard crisis threatens entire economy
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Samsung Heavy Industries books big deficit in 2015
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