Timberwell Berhad Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
Timberwell Berhad announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was MYR 6.545 million compared to MYR 5.970 million a year ago. Operating income was MYR 59,000 compared to MYR 1.904 million a year ago. Net income was MYR 100,000 compared to MYR 2.443 million a year ago. Basic earnings per share from continuing operations was MYR 0.0011 compared to MYR 0.0274 a year ago. For the full year, sales was MYR 18.289 million compared to MYR 28.286 million a year ago. Operating loss was MYR 144,000 compared to operating Income of MYR 5.269 million a year ago. Net loss was MYR 443,000 compared to net income of MYR 4.784 million a year ago. Basic loss per share from continuing operations was MYR 0.005 compared to basic earnings per share from continuing operations of MYR 0.0537 a year ago.