Turbo-Mech 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 6.63 million compared to MYR 14.25 million a year ago. Net loss was MYR 0.747 million compared to net income of MYR 2.08 million a year ago. Basic loss per share from continuing operations was MYR 0.0069 compared to basic earnings per share from continuing operations of MYR 0.0192 a year ago.
For the nine months, sales was MYR 21.31 million compared to MYR 34.52 million a year ago. Net loss was MYR 0.834 million compared to net income of MYR 1.47 million a year ago. Basic loss per share from continuing operations was MYR 0.0077 compared to basic earnings per share from continuing operations of MYR 0.0136 a year ago.