Hiap Teck Venture Berhad reported earnings results for the third quarter and nine months ended April 30, 2023. For the third quarter, the company reported sales was MYR 373.03 million compared to MYR 456.95 million a year ago. Net income was MYR 15.03 million compared to MYR 32.21 million a year ago. Basic earnings per share from continuing operations was MYR 0.0086 compared to MYR 0.0185 a year ago.
For the nine months, sales was MYR 1,131.42 million compared to MYR 1,196.78 million a year ago. Net loss was MYR 11.69 million compared to net income of MYR 131.54 million a year ago. Basic loss per share from continuing operations was MYR 0.0067 compared to basic earnings per share from continuing operations of MYR 0.0757 a year ago. Diluted loss per share from continuing operations was MYR 0.0067.