Southern Steel Berhad reported earnings results for the first quarter ended September 30, 2022. For the first quarter, the company reported sales was MYR 574.03 million compared to MYR 487.07 million a year ago. Net loss was MYR 64.44 million compared to net income of MYR 32.12 million a year ago.

Basic loss per share was MYR 0.1081 compared to basic earnings per share of MYR 0.0539 a year ago. Diluted loss per share was MYR 0.1081 compared to diluted earnings per share of MYR 0.0539 a year ago.