Quarterly profit after taxation was PKR 187m ($1.8m) compared to PKR 268m in the corresponding period of 2013.
Revenue stood at PKR 3.98bn, up from PKR 3.94bn in 2013.
Expenditure rose by PKR 400m to reach a total of PKR 3.4bn.
The state-owned company has eight vessels, five of which are bulk carriers and three tankers, all built after 2000.
