Reach Energy Berhad reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MYR 50.69 million compared to MYR 23.65 million a year ago. Net income was MYR 32.63 million compared to net loss of MYR 6.01 million a year ago. Basic earnings per share from continuing operations was MYR 0.02 compared to basic loss per share from continuing operations of MYR 0.005 a year ago. Diluted earnings per share from continuing operations was MYR 0.02 compared to diluted loss per share from continuing operations of MYR 0.005 a year ago.
For the six months, sales was MYR 97.99 million compared to MYR 74.87 million a year ago. Net income was MYR 5.94 million compared to net loss of MYR 5.64 million a year ago. Basic earnings per share from continuing operations was MYR 0.003 compared to basic loss per share from continuing operations of MYR 0.005 a year ago. Diluted earnings per share from continuing operations was MYR 0.003 compared to diluted loss per share from continuing operations of MYR 0.005 a year ago.