Dayang returns to the black in Q1

19/5/2022 5:09:00 PM

Its order book currently stands at RM1.8bil.

Corporate News, Dayang

Its order book currently stands at RM1.8bil.

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.

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.

Its revenue for the quarter jumped 90.5%to RM160.14mil from RM84.06mil a year prior.“The increase in revenue in the current quarter is mainly due to the revival of work orders/contracts being awarded from oil major in the first quarter of 2022. Vessel utilisation also came in stronger at 25% in the current quarter, compared to 20% in the corresponding quarter in 2021,” Dayang said in the notes accompanying its quarterly results.

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Dayang Enterprise Holdings Bhd has returned to the black with a net profit of RM13.× Copy URL Chief statistician Mohd Uzir Mahidin says Malaysia’s labour productivity, as measured by value-added per employment, picked up in the first quarter of this year by 2.for the latest news you need to know.For the quarter under review, MGB registered a revenue of RM178.

76mil in the first quarter ended March 31 (1Q) against a net loss of RM27.54mil a year ago. – The Malaysian Insight file pic, May 19, 2022. 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. The figures released by Rosstat were the first estimate of Russian economic growth since President Vladimir Putin sent troops to Ukraine in late February and the West slapped several rounds of unprecedented sanctions on the country.6mil, net realised/unrealised gain in foreign exchange of RM900,000 as well as lower depreciation charge of RM4.7% to RM23,129 per person, compared with RM22,500 per person in the same quarter last year.9mil.23mil and RM6.

Its revenue for the quarter jumped 90.2% to a total of 15. Economists believe that the worst economic impact of the sanctions is still to come and expect Russia, which has relied heavily on imports of manufacturing equipment and consumer goods, to plunge into a deep recession.5%to RM160.14mil from RM84. This was in tandem with the relaxation of standard operating procedure, allowing social events and gatherings, and businesses to resume to full capacity as the country entered phase 4 of the national recovery plan.06mil a year prior." In late April, the Bank of Russia estimated that the country's annual economic output would fall between eight and 10 per cent this year and by up to three per cent next year. “The increase in revenue in the current quarter is mainly due to the revival of work orders/contracts being awarded from oil major in the first quarter of 2022. Sign-up now and enjoy one (1) week free access!.01mil as compared to Q1FYE2021’s RM155.

Vessel utilisation also came in stronger at 25% in the current quarter, compared to 20% in the corresponding quarter in 2021,” Dayang said in the notes accompanying its quarterly results. Moving forward, Dayang believes the group would benefit from the expected increase in demand for offshore maintenance, construction and modification (MCM), and hook-up and commissioning (HUC) works.5 per cent in 2024. Its order book currently stands at RM1.8bil. “The group will continue to be prudent in managing its business affairs as well as exploring new opportunities. Before Putin sent troops to Ukraine on February 24, the London-based EBRD had predicted that the Russian economy would expand by three per cent. Cost control and disciplined business planning are currently at the forefront of our minds as we run our business,” he said.

We will leverage on our strong track record and optimise our cost management, vessel utilisation and project execution,” Dayang said. Article type: metered .