Southern Acids (M) Berhad reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was MYR 232.46 million compared to MYR 280.05 million a year ago. Net loss was MYR 5.38 million compared to net income of MYR 11.16 million a year ago. Basic loss per share from continuing operations was MYR 0.0393 compared to basic earnings per share from continuing operations of MYR 0.0815 a year ago.
For the six months, sales was MYR 447.78 million compared to MYR 577.05 million a year ago. Net income was MYR 3.75 million compared to MYR 26.01 million a year ago. Basic earnings per share from continuing operations was MYR 0.0274 compared to MYR 0.1899 a year ago.