Magni-Tech Industries Berhad reported earnings results for the third quarter and nine months ended January 31, 2022. For the third quarter, the company reported sales was MYR 312.83 million compared to MYR 367.82 million a year ago. Net income was MYR 26.68 million compared to MYR 48.95 million a year ago. Basic earnings per share from continuing operations was MYR 0.0615 compared to MYR 0.1129 a year ago.
For the nine months, sales was MYR 730.65 million compared to MYR 928.92 million a year ago. Net income was MYR 64.8 million compared to MYR 96.54 million a year ago. Basic earnings per share from continuing operations was MYR 0.1495 compared to MYR 0.2226 a year ago.