Hiap Teck Venture Berhad reported earnings results for the first quarter ended October 31, 2022. For the first quarter, the company reported sales was MYR 397.83 million compared to MYR 406.63 million a year ago. Net loss was MYR 49.14 million compared to net income of MYR 71.09 million a year ago.

Basic loss per share from continuing operations was MYR 0.0282 compared to basic earnings per share from continuing operations of MYR 0.0411 a year ago.