South Korea’s Samsung Heavy Industries (SHI) has been hit by a massive KRW1.2trn ($1bn) loss in 2015, despite achieving an operating profit in the final quarter. The Korean shipbuilder’s 2015 loss was a reversal from the profit of KRW147bn in the previous financial year. Revenue last year was recorded at KRW9.71trn, down 25% year-on-year.
