The Malaysian company booked a marginal gain of MYR 0.4m ($0.1m) compared with MYR 3.5m in the preceding quarter.

This result was translated into MYR 0.08 earnings per share, down from last year’s MYR 0.69.

Total revenue stood at MYR 31.3m, MYR 6m less compared to the year before.

Sealink’s shipbuilding arm posted a turnover of MYR 1.4m, a 36% decline, while the ship charter division saw its revenue fall by 15% to MYR 30m.

The