The Kuala Lumpur-listed tanker owner booked a loss of MYR4.2m ($1.3m) in the three months to 31 March against a deficit of MYR 3.9m duringthe same period a year earlier.
Sales slumped by more than half to MYR 6.2m from MYR 13.1mdue to two vessels undergoing dry docking and the sale of a vesselin the third quarter of 2012.
Global Carriers is currently undergoing a financialrestructuring after revealing last month that it had defaulted on some loans.
Trading
