Thong Guan Industries Berhad reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was MYR 318.45 million compared to MYR 317.53 million a year ago. Net income was MYR 7.96 million compared to MYR 19.29 million a year ago. Basic earnings per share from continuing operations was MYR 0.0203 compared to MYR 0.0499 a year ago. Diluted earnings per share from continuing operations was MYR 0.0201 compared to MYR 0.0491 a year ago.
For the full year, sales was MYR 1,240.12 million compared to MYR 1,386.33 million a year ago. Net income was MYR 71 million compared to MYR 100.48 million a year ago. Basic earnings per share from continuing operations was MYR 0.1808 compared to MYR 0.26 a year ago. Diluted earnings per share from continuing operations was MYR 0.1794 compared to MYR 0.2555 a year ago.