Maybulk's net profit falls to RM8.44mil in 1Q

KUALA LUMPUR: Malaysian Bulk Carriers Bhd’s (Maybulk) net fell 43.7% to RM8.44mil in the first quarter ended March 31 (1Q), from RM15mil a year earlier.

Its revenue for the quarter dipped 16% to RM39.1mil from RM46.6mil last year, mainly due to lower hire days from a smaller fleet size.