Its deficit for the period stood at MYR 0.9m ($0.25m), less than the loss of MYR 3m in the corresponding period.

PDZ managed to boost its revenue to MYR 42.7m against MYR 38.1m in the same stretch of 2013.

Its liner arm was the major contributor to this figure after posting total revenue of MYR 36m.

PDZ said it expects better results in the coming quarters as it foresees that severe over-tonnaging in Malaysia will be offset by the drop in bunker prices.

During