Daya Materials sees better second half

KUALA LUMPUR: Daya Materials Bhd sees a better second half, having secured several long-term downstream contracts, and expecting significant savings after the termination of its vessel charter.

The group will save US$27mil(RM110mil) a year following the termination of its charter for subsea offshore vessel Siem Daya 2 (SD2) last month, as well as US$36mil (RM147mil) in termination fees alone.