Timberwell Berhad reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was MYR 6.04 million compared to MYR 5.66 million a year ago. Net loss was MYR 1.57 million compared to net income of MYR 4.14 million a year ago. Basic loss per share from continuing operations was MYR 0.0177 compared to basic earnings per share from continuing operations of MYR 0.0465 a year ago.
For the full year, sales was MYR 18.9 million compared to MYR 26.96 million a year ago. Net loss was MYR 2.22 million compared to net income of MYR 7.16 million a year ago. Basic loss per share from continuing operations was MYR 0.0249 compared to basic earnings per share from continuing operations of MYR 0.0804 a year ago.