Lion Industries Corporation 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 435.37 million compared to MYR 681.92 million a year ago. Net loss was MYR 268.72 million compared to MYR 86.44 million a year ago. Basic loss per share from continuing operations was MYR 0.3947 compared to MYR 0.127 a year ago. Diluted loss per share from continuing operations was MYR 0.3947 compared to MYR 0.127 a year ago.
For the full year, sales was MYR 1,914.8 million compared to MYR 2,579.17 million a year ago. Net loss was MYR 405.87 million compared to MYR 309.02 million a year ago. Basic loss per share from continuing operations was MYR 0.5962 compared to MYR 0.4539 a year ago. Diluted loss per share from continuing operations was MYR 0.5962 compared to MYR 0.4539 a year ago.