Minetech Resources Berhad reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was MYR 25.23 million compared to MYR 40.87 million a year ago. Net loss was MYR 11.86 million compared to net income of MYR 4.98 million a year ago. Basic loss per share was MYR 0.0102 compared to basic earnings per share of MYR 0.0043 a year ago.
For the full year, sales was MYR 85.39 million compared to MYR 95.02 million a year ago. Net loss was MYR 22.16 million compared to net income of MYR 0.924 million a year ago. Basic loss per share was MYR 0.019 compared to basic earnings per share of MYR 0.0008 a year ago.