Ornapaper 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 72.42 million compared to MYR 76.39 million a year ago. Net income was MYR 5.52 million compared to net loss of MYR 0.286 million a year ago. Basic earnings per share from continuing operations was MYR 0.0744 compared to basic loss per share from continuing operations of MYR 0.0039 a year ago. Diluted earnings per share from continuing operations was MYR 0.0744 compared to diluted loss per share from continuing operations of MYR 0.0039 a year ago.
For the full year, sales was MYR 278.39 million compared to MYR 328.93 million a year ago. Net income was MYR 6.57 million compared to MYR 2.48 million a year ago. Basic earnings per share from continuing operations was MYR 0.0886 compared to MYR 0.0334 a year ago. Diluted earnings per share from continuing operations was MYR 0.0886 compared to MYR 0.0334 a year ago.