Timberwell Berhad reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MYR 6.73 million compared to MYR 6.62 million a year ago. Net income was MYR 0.399 million compared to MYR 0.913 million a year ago. Basic earnings per share from continuing operations was MYR 0.0045 compared to MYR 0.0103 a year ago.
For the nine months, sales was MYR 12.85 million compared to MYR 21.47 million a year ago. Net loss was MYR 0.646 million compared to net income of MYR 3.02 million a year ago. Basic loss per share from continuing operations was MYR 0.0073 compared to basic earnings per share from continuing operations of MYR 0.0339 a year ago.