Daewoo Shipbuilding may report Q1 loss

Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder, may report a loss in the first quarter after steel costs rose. Daewoo Shipbuilding probably had a net loss of 27 billion won ($27 million), according to the median forecast of 11 analysts surveyed by Thomson Financial. In the first quarter last year, the shipbuilder had a profit of 100.5 billion won.