Meridian 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 0.835 million compared to MYR 1.04 million a year ago. Net loss was MYR 4.56 million compared to net income of MYR 0.698 million a year ago. Basic loss per share from continuing operations was MYR 0.02 compared to basic earnings per share from continuing operations of MYR 0.0032 a year ago. Diluted loss per share from continuing operations was MYR 0.02 compared to diluted earnings per share from continuing operations of MYR 0.0032 a year ago.
For the full year, sales was MYR 2.74 million compared to MYR 15.79 million a year ago. Net loss was MYR 13.26 million compared to MYR 12.31 million a year ago. Basic loss per share from continuing operations was MYR 0.058 compared to MYR 0.0588 a year ago. Diluted loss per share from continuing operations was MYR 0.058 compared to MYR 0.0588 a year ago.