The South Korean shipbuilder posted a first quarter net profit of KRW84.2bn ($71.5m), down 68% year-on-year, due largely to the production of lower margin vessels.
Revenue was recorded at KRW3.64trn, a 7.8% decrease compared to the same period of 2011.
DSME also registered a 58.2% fall in operating profit to KRW181.2bn.
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