Velesto Energy 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 289.24 million compared to MYR 173.78 million a year ago. Net income was MYR 1.22 million compared to MYR 14.97 million a year ago. Basic earnings per share from continuing operations was MYR 0.0001 compared to MYR 0.0018 a year ago. Diluted earnings per share from continuing operations was MYR 0.0001 compared to MYR 0.0018 a year ago.
For the nine months, sales was MYR 855.8 million compared to MYR 337.78 million a year ago. Net income was MYR 32.84 million compared to net loss of MYR 74.4 million a year ago. Basic earnings per share from continuing operations was MYR 0.004 compared to basic loss per share from continuing operations of MYR 0.0091 a year ago. Diluted earnings per share from continuing operations was MYR 0.004 compared to diluted loss per share from continuing operations of MYR 0.0091 a year ago.