Dayang Enterprises Holdings Bhd recorded an increased pre-tax profit of RM22.2 million in the first quarter ended March
31, 2011, compared to RM16.229 million in the same period last year.

The company's revenue advanced to RM83.357 million, up 94 per cent, from RM43.048 million previously.

In a filing to Bursa Malaysia, the company said it remained positive for the remaining quarters of the current financial year, as it has ongoing contracts exceeding RM1.5 billion to last at least until 2016.

Dayang Enterprises has commenced mobilisation for the new contract from Petronas Carigali Sdn Bhd for its Sarawak Operations beginning March this year.

It would see contributions for this new contract from the second quarter onwards. -- Bernama