Avaland 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 156.18 million compared to MYR 56.26 million a year ago. Net income was MYR 17.23 million compared to MYR 6.17 million a year ago. Basic earnings per share from continuing operations was MYR 0.0118 compared to MYR 0.0042 a year ago.
For the nine months, sales was MYR 346.6 million compared to MYR 148.38 million a year ago. Net income was MYR 28.48 million compared to net loss of MYR 13.02 million a year ago. Basic earnings per share from continuing operations was MYR 0.0195 compared to basic loss per share from continuing operations of MYR 0.0089 a year ago.