Coastal Contracts has seen its profit squeezed on the back of lower revenue but remains optimistic.
The Malaysian shipbuilder banked MYR 3.1m ($0.7m) in the third quarter, down from MYR 23.7m a year earlier.
Its quarterly revenue was MYR 76.16m against MYR 921.2m in the corresponding period of 2015.
Coastal saw its shipbuilding division take a hit during the quarter as its turnover was 76% lower at MYR 164.3m.
On
