Lion Posim Berhad Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 23, 2022 at 06:23 pm IST
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Lion Posim Berhad reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was MYR 216.59 million. Net loss was MYR 0.293 million. Basic loss per share from continuing operations was MYR 0.0013. Diluted loss per share from continuing operations was MYR 0.0013.
For the six months, sales was MYR 412.44 million. Net loss was MYR 1.28 million. Basic loss per share from continuing operations was MYR 0.0056. Diluted loss per share from continuing operations was MYR 0.0056.
Lion Posim Berhad is a Malaysia-based investment holding company. The Company's segments include Building materials and steel products; Lubricants, petroleum products and automotive products, and Others. The Company is involved in the trading and distribution of building and construction materials, such as steel bars, ironmongery, BRC mesh, tiles, sanitaryware, cement and bricks. It is involved in the manufacture of lubricants, trading and distribution of petroleum products and automotive products. The Company distributes a range of petroleum-based products under the brand, HI-REV, torQe and T-TRAX. Its Others segment is engaged in the provision of training services, distribution and retailing of consumer products, investment in Cambodia and investment holding. It is a distributor for ACCA KAPPA, an Italian brand that offers hairbrushes, body care products and fragrances for men and women. Its subsidiaries include Gama Harta Sdn Bhd and LFIB Agriculture (Cambodia) Sdn Bhd.
LION POSIM 
