Thong Guan Industries 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 290.69 million compared to MYR 379.3 million a year ago. Net income was MYR 21.58 million compared to MYR 29.47 million a year ago. Basic earnings per share from continuing operations was MYR 0.0551 compared to MYR 0.0765 a year ago. Diluted earnings per share from continuing operations was MYR 0.0544 compared to MYR 0.0747 a year ago.
For the six months, sales was MYR 604.29 million compared to MYR 712.3 million a year ago. Net income was MYR 41.14 million compared to MYR 54.06 million a year ago. Basic earnings per share from continuing operations was MYR 0.1051 compared to MYR 0.1403 a year ago. Diluted earnings per share from continuing operations was MYR 0.1037 compared to MYR 0.137 a year ago.