Velesto Energy Berhad reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was MYR 77.41 million compared to MYR 43.93 million a year ago. Net loss was MYR 46.2 million compared to MYR 60.47 million a year ago. Basic loss per share from continuing operations was MYR 0.0056 compared to MYR 0.0074 a year ago. Diluted loss per share from continuing operations was MYR 0.0056 compared to MYR 0.0074 a year ago.