The Malaysian offshore vessel company said net income was MYR 12.9m ($3.6m) versus the MYR 86.3m seen a year ago.

Revenue for the quarter was down 11% year-on-year to MYR 77m, while costs rose 19% to MYR 47.6m.

Icon attributed the fall in revenue to lower fleet utilisation of its fleet which was 76.1% in the quarter compared to 86.9% in 2013.

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