The floater player was hit with a 383.7 million Malaysian ringgit ($91.19 million) impairment on account of the poor oil market.

This had the effect of plunging it to a net loss of 291.5 million ringgit in the three months to the end of June as against a profit of 98.4 million ringgit a year earlier.

Revenues sank from 590.1 million ringgit to 459.1