Shin Yang has almost broken even in the first quarter as both shipbuilding and shipping operations took a hit.

The Malaysian company reported after-tax earnings of MYR 0.6m ($0.1m) for the three months to the end of September, against MYR 4.1m a year ago.

The quarterly operating revenue came in at MYR 131.3m against MYR 183.9m at the same spell of 2015.

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