Xin Hwa Holdings Berhad reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was MYR 31.64 million compared to MYR 30.6 million a year ago. Net loss was MYR 9.48 million compared to net income of MYR 2.74 million a year ago. Basic loss per share from continuing operations was MYR 0.0371 compared to basic earnings per share from continuing operations of MYR 0.0112 a year ago. Diluted loss per share from continuing operations was MYR 0.0371 compared to diluted earnings per share from continuing operations of MYR 0.0112 a year ago.
For the full year, sales was MYR 126.85 million compared to MYR 105.42 million a year ago. Net loss was MYR 15.93 million compared to net income of MYR 4.62 million a year ago. Basic loss per share from continuing operations was MYR 0.0632 compared to basic earnings per share from continuing operations of MYR 0.0194 a year ago. Diluted loss per share from continuing operations was MYR 0.0632 compared to diluted earnings per share from continuing operations of MYR 0.019 a year ago.