Velesto Energy Berhad reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was MYR 173.78 million compared to MYR 91.54 million a year ago. Net income was MYR 14.97 million compared to net loss of MYR 52.04 million a year ago. Basic earnings per share from continuing operations was MYR 0.0018 compared to basic loss per share from continuing operations of MYR 0.0063 a year ago. Diluted earnings per share from continuing operations was MYR 0.0018 compared to diluted loss per share from continuing operations of MYR 0.0063 a year ago.
For the nine months, sales was MYR 337.78 million compared to MYR 219.02 million a year ago. Net loss was MYR 74.4 million compared to MYR 96.25 million a year ago. Basic loss per share from continuing operations was MYR 0.0091 compared to MYR 0.0117 a year ago. Diluted loss per share from continuing operations was MYR 0.0091 compared to MYR 0.0117 a year ago.