Tan Chong Motor Holdings 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 619.19 million compared to MYR 814.28 million a year ago. Net loss was MYR 18.13 million compared to net income of MYR 6.24 million a year ago. Basic loss per share from continuing operations was MYR 0.0278 compared to basic earnings per share from continuing operations of MYR 0.0096 a year ago.
For the six months, sales was MYR 1,239.08 million compared to MYR 1,583.58 million a year ago. Net loss was MYR 23.2 million compared to MYR 13.28 million a year ago. Basic loss per share from continuing operations was MYR 0.0356 compared to MYR 0.0204 a year ago.