Samchem Holdings Berhad reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was MYR 273.31 million compared to MYR 430.53 million a year ago. Net loss was MYR 2.13 million compared to net income of MYR 23.92 million a year ago. Basic loss per share from continuing operations was MYR 0.0039 compared to basic earnings per share from continuing operations of MYR 0.044 a year ago. Diluted loss per share from continuing operations was MYR 0.0039 compared to diluted earnings per share from continuing operations of MYR 0.044 a year ago.
For the full year, sales was MYR 1,321.81 million compared to MYR 1,405.6 million a year ago. Net income was MYR 42.16 million compared to MYR 74.99 million a year ago. Basic earnings per share from continuing operations was MYR 0.0775 compared to MYR 0.1379 a year ago. Diluted earnings per share from continuing operations was MYR 0.0775 compared to MYR 0.1379 a year ago.