Tugs and barges: Hubline will be focusing on expanding its fleet for the dry bulk business.
PETALING JAYA: Shipping company Hubline Bhd
is cautiously optimistic of its performance for the financial year ending Sept 30,2020 (FY20), driven by its improving dry bulk business and new aviation business venture amid the Covid-19 pandemic.
Vice-chairman Datuk Richard Wee Liang Chiat told StarBiz the company has been profitable, especially after discounting the losses in its container business. The latter is also expected to come to an end as the company has completely shut down that segment in FY19. For FY20, the company expects a better set of results compared with FY19.
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