Nanyang returns to the black in first quarter

PETALING JAYA: Nanyang Press Holdings Bhd has turned around in the first quarter ended Sept 30 with a whopping 194% jump in net profit to RM2.9mil compared with a net loss of RM3mil in the previous corresponding period.  

In a statement yesterday, the company attributed the turnaround to effective strategies deployed and measures taken by the new management team in reducing operational cost. The new management would continue to strive for improvement in productivity and operational efficiency, Nanyang said.