Southern Steel Berhad reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was MYR 566.23 million compared to MYR 578.59 million a year ago. Net loss was MYR 10.88 million compared to MYR 60.73 million a year ago. Basic loss per share was MYR 0.0183 compared to MYR 0.1018 a year ago. Diluted loss per share was MYR 0.0183 compared to MYR 0.1018 a year ago.
For the six months, sales was MYR 1,168.04 million compared to MYR 1,152.62 million a year ago. Net loss was MYR 50.47 million compared to MYR 125.17 million a year ago. Basic loss per share was MYR 0.0847 compared to MYR 0.2099 a year ago. Diluted loss per share was MYR 0.0847 compared to MYR 0.2099 a year ago.