Ocean Vantage Holdings Berhad reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was MYR 50.59 million compared to MYR 33.31 million a year ago. Net loss was MYR 5.97 million compared to net income of MYR 0.933 million a year ago. Basic loss per share from continuing operations was MYR 0.0142 compared to basic earnings per share from continuing operations of MYR 0.0023 a year ago. Diluted loss per share from continuing operations was MYR 0.0142 compared to diluted earnings per share from continuing operations of MYR 0.0023 a year ago.
For the full year, sales was MYR 154.38 million compared to MYR 125.47 million a year ago. Net loss was MYR 1.06 million compared to net income of MYR 10.04 million a year ago. Basic loss per share from continuing operations was MYR 0.0026 compared to basic earnings per share from continuing operations of MYR 0.0244 a year ago. Diluted loss per share from continuing operations was MYR 0.0026 compared to diluted earnings per share from continuing operations of MYR 0.0244 a year ago.