Thong Guan Industries Berhad reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MYR 317.38 million compared to MYR 356.5 million a year ago. Net income was MYR 21.9 million compared to MYR 27.12 million a year ago. Basic earnings per share from continuing operations was MYR 0.0558 compared to MYR 0.0702 a year ago. Diluted earnings per share from continuing operations was MYR 0.0553 compared to MYR 0.0687 a year ago.
For the nine months, sales was MYR 921.67 million compared to MYR 1,068.8 million a year ago. Net income was MYR 63.04 million compared to MYR 81.18 million a year ago. Basic earnings per share from continuing operations was MYR 0.1606 compared to MYR 0.2102 a year ago. Diluted earnings per share from continuing operations was MYR 0.1592 compared to MYR 0.2056 a year ago.