Southern Steel Berhad reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was MYR 652.06 million compared to MYR 591.12 million a year ago. Net income was MYR 1.66 million compared to MYR 3.14 million a year ago. Basic earnings per share was MYR 0.0028 compared to MYR 0.0053 a year ago. Diluted earnings per share was MYR 0.0028 compared to MYR 0.0053 a year ago.
For the nine months, sales was MYR 1,804.68 million compared to MYR 1,729.75 million a year ago. Net loss was MYR 123.51 million compared to net income of MYR 69.48 million a year ago. Basic loss per share was MYR 0.2071 compared to basic earnings per share of MYR 0.1165 a year ago. Diluted loss per share was MYR 0.2071 compared to diluted earnings per share of MYR 0.1165 a year ago.