The South Korean fabrication giant said its full-year revenues were 46.2 trillion won, 12.1% less than in 2014.

The company said:  “2015 was a tough year for us due to unfavorable market conditions such as prolonged low oil prices and global economic downturn. We suffered losses incurred from the cancellation of semi-submersible rigs and increased manhours and delivery delays of offshore projects triggered by design changes.”

Hyundai