Kossan Rubber Industries Bhd reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MYR 387.54 million compared to MYR 589.86 million a year ago. Net loss was MYR 3.3 million compared to net income of MYR 45.99 million a year ago. Basic loss per share from continuing operations was MYR 0.0013 compared to basic earnings per share from continuing operations of MYR 0.018 a year ago.
For the six months, sales was MYR 782.25 million compared to MYR 1,274.16 million a year ago. Net loss was MYR 27.55 million compared to net income of MYR 136.1 million a year ago. Basic loss per share from continuing operations was MYR 0.0108 compared to basic earnings per share from continuing operations of MYR 0.0533 a year ago.