Barakah Offshore Petroleum 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 13.01 million compared to MYR 36.01 million a year ago. Net loss was MYR 4.61 million compared to MYR 3.09 million a year ago. Basic loss per share from continuing operations was MYR 0.0046 compared to MYR 0.0037 a year ago.
For the nine months, sales was MYR 57.37 million compared to MYR 84.8 million a year ago. Net income was MYR 83.08 million compared to net loss of MYR 8.29 million a year ago. Basic earnings per share from continuing operations was MYR 0.0828 compared to basic loss per share from continuing operations of MYR 0.0099 a year ago.