CB Industrial Product Holding Berhad reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was MYR 230.8 million compared to MYR 209.39 million a year ago. Net loss was MYR 16.18 million compared to net income of MYR 36.43 million a year ago. Basic loss per share from continuing operations was MYR 0.0339 compared to basic earnings per share from continuing operations of MYR 0.0758 a year ago. Diluted loss per share from continuing operations was MYR 0.0339 compared to diluted earnings per share from continuing operations of MYR 0.0758 a year ago.
For the full year, sales was MYR 869.09 million compared to MYR 606.04 million a year ago. Net loss was MYR 5.99 million compared to net income of MYR 86.66 million a year ago. Basic loss per share from continuing operations was MYR 0.0125 compared to basic earnings per share from continuing operations of MYR 0.1803 a year ago. Diluted loss per share from continuing operations was MYR 0.0125 compared to diluted earnings per share from continuing operations of MYR 0.1803 a year ago.