New Hoong Fatt Holdings Berhad reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was MYR 67.85 million compared to MYR 67.16 million a year ago. Net income was MYR 7.5 million compared to MYR 0.419 million a year ago. Basic earnings per share from continuing operations was MYR 0.0907 compared to MYR 0.0051 a year ago.
For the full year, sales was MYR 281.25 million compared to MYR 290.36 million a year ago. Net income was MYR 47.71 million compared to MYR 26.7 million a year ago. Basic earnings per share from continuing operations was MYR 0.5771 compared to MYR 0.323 a year ago.