Coastal Contracts Bhd reported earnings results for the fourth quarter and full year ended June 30, 2023. For the fourth quarter, the company reported sales was MYR 56.81 million compared to MYR 58.07 million a year ago. Net loss was MYR 49.59 million compared to net income of MYR 104.41 million a year ago. Basic loss per share from continuing operations was MYR 0.093 compared to basic earnings per share from continuing operations of MYR 0.1986 a year ago.
For the full year, sales was MYR 226.84 million compared to MYR 232.7 million a year ago. Net income was MYR 384.07 million compared to MYR 180.2 million a year ago. Basic earnings per share from continuing operations was MYR 0.7253 compared to MYR 0.3441 a year ago. Diluted earnings per share from continuing operations was MYR 0.6957 compared to MYR 0.3393 a year ago.