Velesto Energy 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 279.32 million compared to MYR 86.6 million a year ago. Net income was MYR 17.4 million compared to net loss of MYR 43.17 million a year ago. Basic earnings per share from continuing operations was MYR 0.0021 compared to basic loss per share from continuing operations of MYR 0.0053 a year ago. Diluted earnings per share from continuing operations was MYR 0.0021 compared to diluted loss per share from continuing operations of MYR 0.0053 a year ago.
For the six months, sales was MYR 566.57 million compared to MYR 164 million a year ago. Net income was MYR 31.63 million compared to net loss of MYR 89.37 million a year ago. Basic earnings per share from continuing operations was MYR 0.0038 compared to basic loss per share from continuing operations of MYR 0.0109 a year ago. Diluted earnings per share from continuing operations was MYR 0.0038 compared to diluted loss per share from continuing operations of MYR 0.0109 a year ago.