MAG Holdings Berhad reported earnings results for the fourth quarter and full year ended June 30, 2023. For the fourth quarter, the company reported sales was MYR 87.14 million compared to MYR 60.49 million a year ago. Net income was MYR 10.68 million compared to net loss of MYR 2.39 million a year ago. Basic earnings per share from continuing operations was MYR 0.0067 compared to basic loss per share from continuing operations of MYR 0.0017 a year ago. Diluted earnings per share from continuing operations was MYR 0.0067.
For the full year, sales was MYR 201.64 million compared to MYR 137.11 million a year ago. Net income was MYR 34.49 million compared to MYR 17.73 million a year ago. Basic earnings per share from continuing operations was MYR 0.0228 compared to MYR 0.0127 a year ago. Diluted earnings per share from continuing operations was MYR 0.0218 compared to MYR 0.0123 a year ago.