Reach Energy Berhad reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MYR 66.79 million compared to MYR 39.28 million a year ago. Net income was MYR 6.63 million compared to MYR 16.92 million a year ago. Basic earnings per share from continuing operations was MYR 0.003 compared to MYR 0.02 a year ago. Diluted earnings per share from continuing operations was MYR 0.003 compared to MYR 0.02 a year ago.
For the nine months, sales was MYR 164.78 million compared to MYR 114.15 million a year ago. Net income was MYR 12.58 million compared to MYR 11.28 million a year ago. Basic earnings per share from continuing operations was MYR 0.006 compared to MYR 0.01 a year ago. Diluted earnings per share from continuing operations was MYR 0.006 compared to MYR 0.01 a year ago.