Melewar Industrial Group Berhad reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was MYR 137.04 million compared to MYR 253.62 million a year ago. Net loss was MYR 15.51 million compared to net income of MYR 22.23 million a year ago. Basic loss per share from continuing operations was MYR 0.033 compared to basic earnings per share from continuing operations of MYR 0.0454 a year ago.
For the six months, sales was MYR 258.59 million compared to MYR 401.84 million a year ago. Net loss was MYR 14.54 million compared to net income of MYR 30.27 million a year ago. Basic loss per share from continuing operations was MYR 0.0312 compared to basic earnings per share from continuing operations of MYR 0.0622 a year ago.