Boustead Holdings Berhad reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was MYR 3,237.5 million compared to MYR 3,438.4 million a year ago. Net loss was MYR 46.2 million compared to net income of MYR 305.4 million a year ago.

Basic loss per share from continuing operations was MYR 0.031 compared to basic earnings per share from continuing operations of MYR 0.1432 a year ago.