Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Maybulk sees better 3Q results

Maybulk sees better 3Q results
Kuala Lumpur: Bulk and tanker player Malaysian Bulk Carriers saw net profit for the first nine months fall 37% to MYR48.5m due to continuing weakness in dry bulk and tanker rates.

For the third quarter though, results were better, with net profit of MYR17.1m, a significant improvement from just MYR371,000 in the previous corresponding quarter and following through on the MYR882,000 net profit in the quarter before.

Revenue however fell to MYR64.5m from MYR85.2m previously as rates plunged, in the dry bulk sector in particular.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish