Kossan Rubber Industries Bhd reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was MYR 400.15 million compared to MYR 481.45 million a year ago. Net income was MYR 0.806 million compared to net loss of MYR 2.49 million a year ago. Basic earnings per share from continuing operations was MYR 0.0003 compared to basic loss per share from continuing operations of MYR 0.001 a year ago. Diluted earnings per share from continuing operations was MYR 0.0003 compared to diluted loss per share from continuing operations of MYR 0.001 a year ago.
For the full year, sales was MYR 1,585.88 million compared to MYR 2,343.76 million a year ago. Net income was MYR 14.22 million compared to MYR 157.1 million a year ago. Basic earnings per share from continuing operations was MYR 0.0056 compared to MYR 0.0616 a year ago. Diluted earnings per share from continuing operations was MYR 0.0056 compared to MYR 0.0616 a year ago.