Magni-Tech Industries Berhad reported earnings results for the fourth quarter and full year ended April 30, 2022. For the fourth quarter, the company reported sales was MYR 258.32 million compared to MYR 297.54 million a year ago. Net income was MYR 26.89 million compared to MYR 30.62 million a year ago. Basic earnings per share from continuing operations was MYR 0.062 compared to MYR 0.0706 a year ago.
For the full year, sales was MYR 988.97 million compared to MYR 1,226.45 million a year ago. Net income was MYR 91.69 million compared to MYR 127.16 million a year ago. Basic earnings per share from continuing operations was MYR 0.2115 compared to MYR 0.2932 a year ago.