Xin Hwa Holdings Berhad reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was MYR 37.13 million compared to MYR 31.74 million a year ago. Net loss was MYR 1.51 million compared to net income of MYR 2.19 million a year ago. Basic loss per share from continuing operations was MYR 0.0061 compared to basic earnings per share from continuing operations of MYR 0.0089 a year ago. Diluted loss per share from continuing operations was MYR 0.0061 compared to diluted earnings per share from continuing operations of MYR 0.0084 a year ago.
For the nine months, sales was MYR 95.22 million compared to MYR 74.81 million a year ago. Net loss was MYR 6.8 million compared to net income of MYR 1.87 million a year ago. Basic loss per share from continuing operations was MYR 0.0276 compared to basic earnings per share from continuing operations of MYR 0.0079 a year ago. Diluted loss per share from continuing operations was MYR 0.0276 compared to diluted earnings per share from continuing operations of MYR 0.0074 a year ago.