The company posted a profit of 410,000 ringgit ($93,658), plummeting from last year's third quarter profit of 125.6 million ringgit.
This came as revenues slipped 69% year-on-year, from 618.6 million ringgit to 189.3 million ringgit following a slow down in vessel deliveries.
“The extended and less than ideal macro volatilities have dampened sentiments across the industry which consequently, affected our performance,” Nam Cheong chairman Tiong Su Kouk said.
“In
