Lion Posim 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 172.09 million compared to MYR 222.52 million a year ago. Net loss was MYR 0.228 million compared to net income of MYR 0.38 million a year ago. Basic loss per share from continuing operations was MYR 0.001 compared to basic earnings per share from continuing operations of MYR 0.0017 a year ago. Diluted loss per share from continuing operations was MYR 0.001 compared to diluted earnings per share from continuing operations of MYR 0.0017 a year ago.
For the nine months, sales was MYR 551.56 million compared to MYR 634.96 million a year ago. Net income was MYR 0.851 million compared to net loss of MYR 0.896 million a year ago. Basic earnings per share from continuing operations was MYR 0.0037 compared to basic loss per share from continuing operations of MYR 0.0039 a year ago. Diluted earnings per share from continuing operations was MYR 0.0037 compared to diluted loss per share from continuing operations of MYR 0.0039 a year ago.