Net profit for the three month period was MYR 21.5m ($6.8m), a 10.5% decline on the MYR 24m seen in the same period a year ago.
Revenue at the offshore vessel operator was down almost 12% year-on-year to MYR 82m, but operating costs fell by 15.8% to MYR 56m.
The Kuala Lumpur-listed company attributed the weaker performance to lower utilisation levels at its offshore support vessel arm.
However,
