Magni-Tech Industries Berhad reported earnings results for the second quarter and six months ended October 31, 2023. For the second quarter, the company reported sales was MYR 287.61 million compared to MYR 343.04 million a year ago. Net income was MYR 21.79 million compared to MYR 24.98 million a year ago. Basic earnings per share from continuing operations was MYR 0.0503 compared to MYR 0.0576 a year ago.
For the six months, sales was MYR 611.98 million compared to MYR 683.94 million a year ago. Net income was MYR 54.51 million compared to MYR 49.01 million a year ago. Basic earnings per share from continuing operations was MYR 0.1258 compared to MYR 0.1131 a year ago.