Tower Real Estate Investment Trust reported earnings results for the fourth quarter and full year ended June 30, 2023. For the fourth quarter, the company reported sales was MYR 8.65 million compared to MYR 8.25 million a year ago. Revenue was MYR 4.59 million compared to MYR 4.03 million a year ago. Net loss was MYR 18.71 million compared to net income of MYR 1.05 million a year ago. Basic loss per share from continuing operations was MYR 0.0667 compared to basic earnings per share from continuing operations of MYR 0.0038 a year ago.
For the full year, sales was MYR 33.87 million compared to MYR 32.61 million a year ago. Revenue was MYR 16.72 million compared to MYR 18.16 million a year ago. Net loss was MYR 17.6 million compared to net income of MYR 5.88 million a year ago. Basic loss per share from continuing operations was MYR 0.0628 compared to basic earnings per share from continuing operations of MYR 0.021 a year ago.