Magni-Tech Industries Berhad reported earnings results for the fourth quarter and full year ended April 30, 2023. For the fourth quarter, the company reported sales was MYR 246.61 million compared to MYR 258.32 million a year ago. Net income was MYR 25.84 million compared to MYR 26.89 million a year ago. Basic earnings per share from continuing operations was MYR 0.0596 compared to MYR 0.062 a year ago.
For the full year, sales was MYR 1,212.38 million compared to MYR 988.97 million a year ago. Net income was MYR 95.37 million compared to MYR 91.69 million a year ago. Basic earnings per share from continuing operations was MYR 0.22 compared to MYR 0.2115 a year ago.