Malaysia Marine and Heavy Engineering Holdings 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 1,056.31 million compared to MYR 400.63 million a year ago. Net loss was MYR 388.7 million compared to net income of MYR 21.97 million a year ago. Basic loss per share from continuing operations was MYR 0.243 compared to basic earnings per share from continuing operations of MYR 0.014 a year ago. Diluted loss per share from continuing operations was MYR 0.243 compared to diluted earnings per share from continuing operations of MYR 0.014 a year ago.
For the six months, sales was MYR 1,552.54 million compared to MYR 818.41 million a year ago. Net loss was MYR 385.16 million compared to net income of MYR 24.69 million a year ago. Basic loss per share from continuing operations was MYR 0.241 compared to basic earnings per share from continuing operations of MYR 0.015 a year ago. Diluted loss per share from continuing operations was MYR 0.241 compared to diluted earnings per share from continuing operations of MYR 0.015 a year ago.