The Malaysian OSV operator said net income was MYR 18.9m ($5.6m) versus the MYR 22.1m achieved twelve months ago.
Revenue decreased by MYR 18.1m, or 18.5%, from MYR 97.8m to MYR 79.7m. However, costs declined by around 8% to MYR 41.6m.
Icon Offshore said the results were impacted by the disposal of several vessels under its fleet rejuvenation plan.
The company also saw its fleet utilisation level decline to 76% from the 86.9%
