The Kuala Lumpur-listed company reported net income of MYR 27m ($8m) versus the MYR 15.9m seen a year ago.

The 70% jump in profit was helped by a year-on-year growth in revenue of 37% to MYR 93.8m. Costs were largely unchanged at MYR 46.2m.

“The increase is mainly due to higher vessel utilisation and increase in the number of vessels in the current quarter,” Perdana said.

“The