Favelle Favco Berhad reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MYR 150.04 million compared to MYR 146.94 million a year ago. Net income was MYR 12.1 million compared to MYR 7.59 million a year ago. Basic earnings per share from continuing operations was MYR 0.0518 compared to MYR 0.0325 a year ago. Diluted earnings per share from continuing operations was MYR 0.051 compared to MYR 0.0325 a year ago.
For the nine months, sales was MYR 459.35 million compared to MYR 390.31 million a year ago. Net income was MYR 34.4 million compared to MYR 22.7 million a year ago. Basic earnings per share from continuing operations was MYR 0.1473 compared to MYR 0.0988 a year ago. Diluted earnings per share from continuing operations was MYR 0.1448 compared to MYR 0.0988 a year ago.