The tanker company said it made MYR 12.9m ($3.9m) during the second three-month period of 2014, compared to last year’s MYR 6.3m loss.

Revenue increased to MYR 8m from MYR 3.5m thanks to the return of two vessels from drydock.

Global had posted a deficit of MYR 190.35m in the first quarter of the year.

On 13 August, the Bursa Malaysia exchange granted the owner an extension of up to 30 September to submit a restructuring plan.

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