KUALA LUMPUR: Zelan Bhd
's posted net profit of RM12.57mil in the first quarter ended June 30, 2014, an increase of 60% from RM7.85mil a year ago, boosted by the writeback on costs.
It said on Friday the writeback arose from the commercial settlement of a project in Indonesia of RM9.7mil on back charge recovery from supplier and net interest income of RM6.7mil.
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