Velocity Capital Partner 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 18.25 million compared to MYR 9.67 million a year ago. Net income was MYR 6.45 million compared to net loss of MYR 0.938 million a year ago. Basic earnings per share from continuing operations was MYR 0.0047 compared to basic loss per share from continuing operations of MYR 0.0007 a year ago. Diluted earnings per share from continuing operations was MYR 0.0047 compared to diluted loss per share from continuing operations of MYR 0.0007 a year ago.
For the nine months, sales was MYR 53.98 million compared to MYR 27.6 million a year ago. Net income was MYR 16.26 million compared to net loss of MYR 4.31 million a year ago. Basic earnings per share from continuing operations was MYR 0.0118 compared to basic loss per share from continuing operations of MYR 0.0031 a year ago. Diluted earnings per share from continuing operations was MYR 0.0118 compared to diluted loss per share from continuing operations of MYR 0.0031 a year ago.