Tong Herr Resources 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 122.06 million compared to MYR 184.52 million a year ago. Net loss was MYR 3.87 million compared to net income of MYR 9.31 million a year ago. Basic loss per share from continuing operations was MYR 0.0252 compared to basic earnings per share from continuing operations of MYR 0.0606 a year ago. Diluted loss per share from continuing operations was MYR 0.0252 compared to diluted earnings per share from continuing operations of MYR 0.0606 a year ago.
For the full year, sales was MYR 598.03 million compared to MYR 988.59 million a year ago. Net income was MYR 6.42 million compared to MYR 82.54 million a year ago. Basic earnings per share from continuing operations was MYR 0.0418 compared to MYR 0.5376 a year ago. Diluted earnings per share from continuing operations was MYR 0.0418 compared to MYR 0.5376 a year ago.