Southern Steel Berhad reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was MYR 578.59 million compared to MYR 651.56 million a year ago. Net loss was MYR 60.73 million compared to net income of MYR 34.23 million a year ago. Basic loss per share was MYR 0.1018 compared to basic earnings per share of MYR 0.0574 a year ago. Diluted loss per share was MYR 0.1018 compared to diluted earnings per share of MYR 0.0574 a year ago.
For the six months, sales was MYR 1,152.62 million compared to MYR 1,138.63 million a year ago. Net loss was MYR 125.17 million compared to net income of MYR 66.34 million a year ago. Basic loss per share was MYR 0.2099 compared to basic earnings per share of MYR 0.1113 a year ago. Diluted loss per share was MYR 0.2099 compared to diluted earnings per share of MYR 0.1113 a year ago.