Dayang expects higher oil prices to lift Q3 results

KUALA LUMPUR: Dayang Enterprise Holdings Bhd, an oil and gas (O&G) services firm, made a RM21.9mil loss in the April-June quarter, but expects its results in the coming third quarter to “improve considerably” amid ongoing vaccination efforts and higher oil prices.

In the three-month period ended June 30, 2021 (Q2), Dayang recorded a lower revenue of RM159.7mil compared with RM170.9mil a year ago.