Gulf Cable and Electrical Industries Company - KPSC reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KWD 25.92 million compared to KWD 18.18 million a year ago. Net income was KWD 0.536167 million compared to KWD 1.45 million a year ago. Basic earnings per share from continuing operations was KWD 0.003 compared to KWD 0.007 a year ago.
For the nine months, sales was KWD 71.95 million compared to KWD 45.98 million a year ago. Net income was KWD 11.42 million compared to KWD 5.86 million a year ago. Basic earnings per share from continuing operations was KWD 0.055 compared to KWD 0.028 a year ago.