Favelle Favco Berhad reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was MYR 146.94 million compared to MYR 135.59 million a year ago. Net income was MYR 7.59 million compared to MYR 10.38 million a year ago. Basic earnings per share from continuing operations was MYR 0.0325 compared to MYR 0.0464 a year ago. Diluted earnings per share from continuing operations was MYR 0.0325 compared to MYR 0.0464 a year ago.
For the nine months, sales was MYR 390.31 million compared to MYR 410.8 million a year ago. Net income was MYR 22.7 million compared to MYR 35.76 million a year ago. Basic earnings per share from continuing operations was MYR 0.0988 compared to MYR 0.1597 a year ago. Diluted earnings per share from continuing operations was MYR 0.0988 compared to MYR 0.1597 a year ago.