Reach Energy 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 23.65 million compared to MYR 31.1 million a year ago. Net loss was MYR 6.01 million compared to MYR 9.06 million a year ago. Basic loss per share from continuing operations was MYR 0.005 compared to MYR 0.008 a year ago. Diluted loss per share from continuing operations was MYR 0.005 compared to MYR 0.008 a year ago.
For the six months, sales was MYR 74.87 million compared to MYR 54.16 million a year ago. Net loss was MYR 5.64 million compared to net income of MYR 11.19 million a year ago. Basic loss per share from continuing operations was MYR 0.005 compared to basic earnings per share from continuing operations of MYR 0.01 a year ago. Diluted loss per share from continuing operations was MYR 0.005 compared to diluted earnings per share from continuing operations of MYR 0.01 a year ago.