Dayang returns to the black in Q1

KUALA LUMPUR: Dayang Enterprise Holdings Bhd has returned to the black with a net profit of RM13.76mil in the first quarter ended March 31 (1Q) against a net loss of RM27.54mil a year ago.

It recorded a pre-tax profit during the current quarter as a result of insurance claims received from the incident of Dayang Topaz of RM3.6mil, net realised/unrealised gain in foreign exchange of RM900,000 as well as lower depreciation charge of RM4.9mil.