Favelle Favco Berhad reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MYR 183.52 million compared to MYR 151.34 million a year ago. Net income was MYR 11.68 million compared to MYR 9.07 million a year ago. Basic earnings per share from continuing operations was MYR 0.05 compared to MYR 0.0391 a year ago. Diluted earnings per share from continuing operations was MYR 0.0492 compared to MYR 0.0391 a year ago.
For the six months, sales was MYR 309.32 million compared to MYR 243.37 million a year ago. Net income was MYR 22.29 million compared to MYR 15.11 million a year ago. Basic earnings per share from continuing operations was MYR 0.0954 compared to MYR 0.0663 a year ago. Diluted earnings per share from continuing operations was MYR 0.0939 compared to MYR 0.0663 a year ago.