Powerwell Holdings Berhad reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was MYR 67.48 million compared to MYR 45.03 million a year ago. Net income was MYR 9.55 million compared to MYR 1.65 million a year ago. Basic earnings per share from continuing operations was MYR 0.0165 compared to MYR 0.0028 a year ago. Diluted earnings per share from continuing operations was MYR 0.0165 compared to MYR 0.0028 a year ago.
For the nine months, sales was MYR 132.9 million compared to MYR 101.42 million a year ago. Net income was MYR 13.25 million compared to MYR 4.02 million a year ago. Basic earnings per share from continuing operations was MYR 0.0228 compared to MYR 0.0069 a year ago. Diluted earnings per share from continuing operations was MYR 0.0228 compared to MYR 0.0069 a year ago.