Malaysia’s HUBLine has seen deeper red in the third quarter as the company is still working towards exiting its container shipping business.
The Kuala Lumpur-listed company reported net loss of MYR 30.73m ($7.6m), compared to MYR 10.26m a year earlier.
Its quarterly revenue declined to MYR 20.33m, down from MYR 25.87m in the corresponding quarter of 2015.
HUBLine explained the scheduled dry docking of four vessels during the quarter was the main reason for the revenue drop.
It
