Petra Energy 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 138.19 million compared to MYR 110.38 million a year ago. Net income was MYR 26.39 million compared to MYR 7.9 million a year ago. Basic earnings per share from continuing operations was MYR 0.0822 compared to MYR 0.0246 a year ago. Diluted earnings per share from continuing operations was MYR 0.0822 compared to MYR 0.0246 a year ago.
For the full year, sales was MYR 553.53 million compared to MYR 370.72 million a year ago. Net income was MYR 53.22 million compared to MYR 13.08 million a year ago. Basic earnings per share from continuing operations was MYR 0.1658 compared to MYR 0.0407 a year ago. Diluted earnings per share from continuing operations was MYR 0.1658 compared to MYR 0.0407 a year ago.