Timberwell Berhad reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MYR 3.29 million compared to MYR 10.45 million a year ago. Net loss was MYR 0.606 million compared to net income of MYR 2.01 million a year ago. Basic loss per share from continuing operations was MYR 0.0068 compared to basic earnings per share from continuing operations of MYR 0.0225 a year ago.
For the six months, sales was MYR 6.12 million compared to MYR 14.85 million a year ago. Net loss was MYR 1.05 million compared to net income of MYR 2.11 million a year ago. Basic loss per share from continuing operations was MYR 0.0117 compared to basic earnings per share from continuing operations of MYR 0.0237 a year ago.