Powerwell Holdings Berhad reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was MYR 45.03 million compared to MYR 26.14 million a year ago. Net income was MYR 1.65 million compared to net loss of MYR 0.613 million a year ago. Basic earnings per share from continuing operations was MYR 0.0028 compared to basic loss per share from continuing operations of MYR 0.0011 a year ago. Diluted earnings per share from continuing operations was MYR 0.0028 compared to diluted loss per share from continuing operations of MYR 0.0011 a year ago.
For the nine months, sales was MYR 101.42 million compared to MYR 54.58 million a year ago. Net income was MYR 4.02 million compared to net loss of MYR 3.44 million a year ago. Basic earnings per share from continuing operations was MYR 0.0069 compared to basic loss per share from continuing operations of MYR 0.0059 a year ago. Diluted earnings per share from continuing operations was MYR 0.0069 compared to diluted loss per share from continuing operations of MYR 0.0059 a year ago.