Linocraft Holdings Limited reported earnings results for the third quarter and nine months ended May 31, 2023. For the third quarter, the company reported sales was MYR 40.65 million compared to MYR 62.87 million a year ago. Net loss was MYR 8.09 million compared to net income of MYR 6.53 million a year ago. Basic loss per share from continuing operations was MYR 0.0101 compared to basic earnings per share from continuing operations of MYR 0.0082 a year ago.
For the nine months, sales was MYR 150.34 million compared to MYR 196.21 million a year ago. Net loss was MYR 22.72 million compared to net income of MYR 12.99 million a year ago. Basic loss per share from continuing operations was MYR 0.0284 compared to basic earnings per share from continuing operations of MYR 0.0162 a year ago.