Borneo Oil Berhad reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was MYR 22.15 million compared to MYR 21.25 million a year ago. Net loss was MYR 84.2 million compared to net income of MYR 23.17 million a year ago. Basic loss per share from continuing operations was MYR 0.007 compared to basic earnings per share from continuing operations of MYR 0.0024 a year ago.
For the six months, sales was MYR 39.03 million compared to MYR 42.66 million a year ago. Net loss was MYR 65.19 million compared to net income of MYR 28.75 million a year ago. Basic loss per share from continuing operations was MYR 0.0054 compared to basic earnings per share from continuing operations of MYR 0.0032 a year ago.