Lion Industries Corporation Berhad reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MYR 503.45 million compared to MYR 633.47 million a year ago. Net loss was MYR 49.12 million compared to MYR 36.4 million a year ago. Basic loss per share from continuing operations was MYR 0.0721 compared to MYR 0.0535 a year ago. Diluted loss per share from continuing operations was MYR 0.0721 compared to MYR 0.0535 a year ago.
For the six months, sales was MYR 1,017.4 million compared to MYR 1,315.4 million a year ago. Net loss was MYR 70.92 million compared to MYR 61 million a year ago. Basic loss per share from continuing operations was MYR 0.1042 compared to MYR 0.0896 a year ago. Diluted loss per share from continuing operations was MYR 0.1042 compared to MYR 0.0896 a year ago.