Linocraft Holdings Limited reported earnings results for the second quarter and six months ended February 28, 2023. For the second quarter, the company reported sales was MYR 41.44 million compared to MYR 58.27 million a year ago. Net loss was MYR 8.48 million compared to net income of MYR 0.915 million a year ago. Basic loss per share from continuing operations was MYR 0.0106 compared to basic earnings per share from continuing operations of MYR 0.0011 a year ago. Diluted loss per share from continuing operations was MYR 0.0106 compared to diluted earnings per share from continuing operations of MYR 0.0011 a year ago.
For the six months, sales was MYR 109.69 million compared to MYR 133.35 million a year ago. Net loss was MYR 14.63 million compared to net income of MYR 6.47 million a year ago. Basic loss per share from continuing operations was MYR 0.0183 compared to basic earnings per share from continuing operations of MYR 0.0081 a year ago. Diluted loss per share from continuing operations was MYR 0.0183 compared to diluted earnings per share from continuing operations of MYR 0.0081 a year ago.