Velesto Energy Berhad reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was MYR 287.25 million compared to MYR 77.41 million a year ago. Net income was MYR 14.22 million compared to net loss of MYR 46.2 million a year ago.

Basic earnings per share from continuing operations was MYR 0.0017 compared to basic loss per share from continuing operations of MYR 0.0056 a year ago. Diluted earnings per share from continuing operations was MYR 0.0017 compared to diluted loss per share from continuing operations of MYR 0.0056 a year ago.