Lion Industries Corporation 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 462.04 million compared to MYR 581.85 million a year ago. Net loss was MYR 66.23 million compared to MYR 161.59 million a year ago. Basic loss per share from continuing operations was MYR 0.0973 compared to MYR 0.2374 a year ago. Diluted loss per share from continuing operations was MYR 0.0973 compared to MYR 0.2374 a year ago.
For the nine months, sales was MYR 1,479.43 million compared to MYR 1,897.26 million a year ago. Net loss was MYR 137.15 million compared to MYR 222.59 million a year ago. Basic loss per share from continuing operations was MYR 0.2015 compared to MYR 0.327 a year ago. Diluted loss per share from continuing operations was MYR 0.2015 compared to MYR 0.327 a year ago.