Galfar Engineering & Contracting SAOG reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was OMR 62.58 million compared to OMR 44.05 million a year ago. Net income was OMR 0.571 million compared to net loss of OMR 0.687 million a year ago. Basic earnings per share from continuing operations was OMR 0.002 compared to basic loss per share from continuing operations of OMR 0.002 a year ago. Diluted earnings per share from continuing operations was OMR 0.002 compared to diluted loss per share from continuing operations of OMR 0.002 a year ago.
For the nine months, sales was OMR 184.98 million compared to OMR 122.54 million a year ago. Net income was OMR 1.51 million compared to OMR 0.109 million a year ago. Basic earnings per share from continuing operations was OMR 0.005. Diluted earnings per share from continuing operations was OMR 0.005.