Velocity Capital Partner Berhad reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was MYR 19.8 million compared to MYR 10.19 million a year ago. Net income was MYR 8.67 million compared to net loss of MYR 1.23 million a year ago. Basic earnings per share from continuing operations was MYR 0.0063 compared to basic loss per share from continuing operations of MYR 0.0009 a year ago. Diluted earnings per share from continuing operations was MYR 0.0063 compared to diluted loss per share from continuing operations of MYR 0.0009 a year ago.
For the six months, sales was MYR 35.72 million compared to MYR 17.94 million a year ago. Net income was MYR 9.81 million compared to net loss of MYR 3.37 million a year ago. Basic earnings per share from continuing operations was MYR 0.0071 compared to basic loss per share from continuing operations of MYR 0.0024 a year ago. Diluted earnings per share from continuing operations was MYR 0.0071 compared to diluted loss per share from continuing operations of MYR 0.0024 a year ago.