Its quarterly earnings stood at MYR 111m ($33m), down from MYR 121.5m in the same spell of 2013.

Revenue grew on the back of increased contributions across the company’s main segments, reachning MYR 636.5m compared to MYR 546.3m a year ago.

Bumi said its OSV fleet renewal program is ongoing with seven vessels held for sale.

During the quarter, the Malaysian owner sold three Class B units.

Hassan