Malaysia Marine and Heavy Engineering Holdings 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 638.47 million compared to MYR 409.23 million a year ago. Net loss was MYR 105.21 million compared to net income of MYR 15.95 million a year ago. Basic loss per share from continuing operations was MYR 0.066 compared to basic earnings per share from continuing operations of MYR 0.01 a year ago. Diluted loss per share from continuing operations was MYR 0.066 compared to diluted earnings per share from continuing operations of MYR 0.01 a year ago.
For the nine months, sales was MYR 2,191.01 million compared to MYR 1,227.64 million a year ago. Net loss was MYR 490.37 million compared to net income of MYR 40.63 million a year ago. Basic loss per share from continuing operations was MYR 0.306 compared to basic earnings per share from continuing operations of MYR 0.025 a year ago. Diluted loss per share from continuing operations was MYR 0.306 compared to diluted earnings per share from continuing operations of MYR 0.025 a year ago.