Malaysian Bulk records $90m quarterly loss

Investment in offshore vessel owner POSH drags down result for bulker and tanker owner.

27 February 2017 19:59 GMT Updated 27 February 2017 20:07 GMT

Malaysian Bulk Carriers reported a fourth-quarter net loss that was smaller than is loss from a year ago as revenue stabilised and operating expenses fell.

But the company's stake in PACC Offshore Holdings (POSH) still weighed on the result.

The Robert Kuok-controlled company reported a MYR 400.4m ($90.2m) loss for the fourth quarter, an improvement from the MYR 1.13bn loss reported in the year-earlier quarter.

Revenue