KUALA LUMPUR (June 22): Comfort Gloves Bhd jumped 5.06% in active trade this morning after it returned to the black with a net profit of RM10.15 million for its first quarter ended April 30, 2017 (1QFY18), compared with a net loss of RM9.44 million a year earlier.

At 9.28am, Comfort Gloves rose 4 sen to 83 sen with 4.35 million shares traded.

However, the previous year’s loss had been due to a fire outbreak incurred by a subsidiary in March 2016, costing the company RM12.8 million in write-offs.

Its 1QFY18 revenue was up 79.16% at RM93.7 million from RM52.3 million in 1QFY17 when the group’s operations were also slowed due to the fire incident.