MISC has reported only a modest year-on-year decline in third quarter net profit, despite the weaker LNG and tanker markets during the past few months.

Net income at Malaysian shipowner was MYR 260.4m ($63.3m) against the MYR 270.9m seen 12 months earlier, figures released Tuesday showed.

Revenue for the quarter was down 5% year-on-year to MYR 2bn as LNG revenue reduced by 5.6%