Southern Steel Berhad reported earnings results for the second quarter and six months ended December 31, 2021. For the second quarter, the company reported sales was MYR 651.56 million compared to MYR 444.95 million a year ago. Net income was MYR 34.23 million compared to MYR 10.76 million a year ago. Basic earnings per share was MYR 0.0574 compared to MYR 0.018 a year ago. Diluted earnings per share was MYR 0.0574 compared to MYR 0.018 a year ago.
For the six months, sales was MYR 1,138.63 million compared to MYR 889.35 million a year ago. Net income was MYR 66.34 million compared to net loss of MYR 17.37 million a year ago. Basic earnings per share was MYR 0.1113 compared to basic loss per share of MYR 0.0291 a year ago. Diluted earnings per share was MYR 0.1113 compared to diluted loss per share of MYR 0.0291 a year ago.