Magni-Tech Industries Berhad reported earnings results for the third quarter and nine months ended January 31, 2023. For the third quarter, the company reported sales was MYR 281.83 million compared to MYR 312.83 million a year ago. Net income was MYR 20.52 million compared to MYR 26.68 million a year ago. Basic earnings per share from continuing operations was MYR 0.0473 compared to MYR 0.0615 a year ago.
For the nine months, sales was MYR 965.77 million compared to MYR 730.65 million a year ago. Net income was MYR 69.53 million compared to MYR 64.8 million a year ago. Basic earnings per share from continuing operations was MYR 0.1604 compared to MYR 0.1495 a year ago.