Melewar Industrial Group 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 128.89 million compared to MYR 176.6 million a year ago. Net loss was MYR 0.655 million compared to net income of MYR 11.41 million a year ago. Basic loss per share from continuing operations was MYR 0.0013 compared to basic earnings per share from continuing operations of MYR 0.023 a year ago.
For the nine months, sales was MYR 387.47 million compared to MYR 578.44 million a year ago. Net loss was MYR 15.19 million compared to net income of MYR 41.68 million a year ago. Basic loss per share from continuing operations was MYR 0.0326 compared to basic earnings per share from continuing operations of MYR 0.0852 a year ago.