Barakah Offshore Petroleum Berhad reported earnings results for the fourth quarter and full year ended June 30, 2023. For the fourth quarter, the company reported sales was MYR 26.69 million compared to MYR 26.4 million a year ago. Net loss was MYR 2.88 million compared to net income of MYR 9.11 million a year ago. Basic loss per share from continuing operations was MYR 0.0029 compared to basic earnings per share from continuing operations of MYR 0.0091 a year ago.
For the full year, sales was MYR 137.46 million compared to MYR 83.93 million a year ago. Net income was MYR 4.07 million compared to MYR 83.74 million a year ago. Basic earnings per share from continuing operations was MYR 0.0041 compared to MYR 0.0835 a year ago.