Barakah Offshore Petroleum Berhad reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was MYR 34.67 million compared to MYR 13.01 million a year ago. Net income was MYR 0.836 million compared to net loss of MYR 4.61 million a year ago. Basic earnings per share from continuing operations was MYR 0.0008 compared to basic loss per share from continuing operations of MYR 0.0046 a year ago.
For the nine months, sales was MYR 110.77 million compared to MYR 57.37 million a year ago. Net income was MYR 6.95 million compared to MYR 83.08 million a year ago. Basic earnings per share from continuing operations was MYR 0.0069 compared to MYR 0.0828 a year ago.