Barakah Offshore Petroleum Berhad reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was MYR 40.25 million compared to MYR 34.67 million a year ago. Net income was MYR 3.59 million compared to MYR 0.836 million a year ago. Basic earnings per share from continuing operations was MYR 0.0036 compared to MYR 0.0008 a year ago.
For the nine months, sales was MYR 97.05 million compared to MYR 110.77 million a year ago. Net loss was MYR 4.84 million compared to net income of MYR 6.95 million a year ago. Basic loss per share from continuing operations was MYR 0.0048 compared to basic earnings per share from continuing operations of MYR 0.0069 a year ago.