Reach Energy Berhad reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was MYR 39.28 million compared to MYR 41.97 million a year ago. Net income was MYR 16.92 million compared to net loss of MYR 0.916 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 0.001 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 0.001 a year ago.
For the nine months, sales was MYR 114.15 million compared to MYR 96.13 million a year ago. Net income was MYR 11.28 million compared to MYR 10.27 million a year ago. Basic earnings per share from continuing operations was MYR 0.01 compared to MYR 0.01 a year ago. Diluted earnings per share from continuing operations was MYR 0.01 compared to MYR 0.01 a year ago.