CB Industrial Product Holding Berhad reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was MYR 218.73 million compared to MYR 243.05 million a year ago. Net income was MYR 32.2 million compared to net loss of MYR 16.29 million a year ago. Basic earnings per share from continuing operations was MYR 0.0682 compared to basic loss per share from continuing operations of MYR 0.0341 a year ago. Diluted earnings per share from continuing operations was MYR 0.0682 compared to diluted loss per share from continuing operations of MYR 0.0341 a year ago.
For the full year, sales was MYR 847.95 million compared to MYR 881.34 million a year ago. Net income was MYR 65.05 million compared to net loss of MYR 6.1 million a year ago. Basic earnings per share from continuing operations was MYR 0.1378 compared to basic loss per share from continuing operations of MYR 0.0128 a year ago. Diluted earnings per share from continuing operations was MYR 0.1378 compared to diluted loss per share from continuing operations of MYR 0.0128 a year ago.