Malaysia Steel Works (KL) Bhd. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was MYR 525.97 million compared to MYR 446.57 million a year ago. Net loss was MYR 1.25 million compared to net income of MYR 1.68 million a year ago. Basic loss per share from continuing operations was MYR 0.0018 compared to basic earnings per share from continuing operations of MYR 0.0025 a year ago. Diluted loss per share from continuing operations was MYR 0.0016 compared to diluted earnings per share from continuing operations of MYR 0.0021 a year ago.
For the full year, sales was MYR 2,012.89 million compared to MYR 1,778.29 million a year ago. Net income was MYR 2.4 million compared to MYR 19.07 million a year ago. Basic earnings per share from continuing operations was MYR 0.0035 compared to MYR 0.0282 a year ago. Diluted earnings per share from continuing operations was MYR 0.003 compared to MYR 0.0239 a year ago.