Southern Steel Berhad reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was MYR 551.66 million compared to MYR 652.06 million a year ago. Net loss was MYR 6.43 million compared to net income of MYR 1.66 million a year ago. Basic loss per share was MYR 0.0108 compared to basic earnings per share of MYR 0.0028 a year ago. Diluted loss per share was MYR 0.0108 compared to diluted earnings per share of MYR 0.0028 a year ago.
For the nine months, sales was MYR 1,719.7 million compared to MYR 1,804.68 million a year ago. Net loss was MYR 56.9 million compared to MYR 123.51 million a year ago. Basic loss per share was MYR 0.0954 compared to MYR 0.2071 a year ago. Diluted loss per share was MYR 0.0954 compared to MYR 0.2071 a year ago.