Hengyuan Refining Company Berhad reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MYR 2,456.41 million compared to MYR 5,030.8 million a year ago. Net income was MYR 2.13 million compared to net loss of MYR 640.48 million a year ago. Basic earnings per share from continuing operations was MYR 0.0071 compared to basic loss per share from continuing operations of MYR 2.1349 a year ago.
For the nine months, sales was MYR 10,379.98 million compared to MYR 16,878.21 million a year ago. Net loss was MYR 213.92 million compared to net income of MYR 74.46 million a year ago. Basic loss per share from continuing operations was MYR 0.7131 compared to basic earnings per share from continuing operations of MYR 0.2482 a year ago.