Earnings fell from MYR 6.4m ($2m) in the corresponding period to just MYR 0.1m.
Quarterly revenue stood at MYR 256m, down from MYR 297m at the same stage of last year.
Its main segments reported smaller revenue due to fewer cargoes carried and fewer vessels delivered.
Shin Yang’s shipping division saw its revenue slip to MYR 153m, a 5% decline.
Its shipbuilding arm booked turnover of MYR 129m for the period, down almost one tenth.
The
