Southern Steel Berhad reported earnings results for the third quarter and nine months ended March 31, 2022. For the third quarter, the company reported sales was MYR 591.12 million compared to MYR 493.28 million a year ago. Net income was MYR 3.14 million compared to MYR 40.83 million a year ago. Basic earnings per share was MYR 0.0053 compared to MYR 0.0685 a year ago. Diluted earnings per share was MYR 0.0053 compared to MYR 0.0685 a year ago.
For the nine months, sales was MYR 1,729.75 million compared to MYR 1,382.62 million a year ago. Net income was MYR 69.48 million compared to MYR 23.46 million a year ago. Basic earnings per share was MYR 0.1165 compared to MYR 0.0393 a year ago. Diluted earnings per share was MYR 0.1165 compared to MYR 0.0393 a year ago.