Kuwait and Gulf Link Transport Company K.P.S.C. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KWD 28.87 million compared to KWD 27.36 million a year ago. Net loss was KWD 1.62 million compared to net income of KWD 0.188658 million a year ago. Basic loss per share from continuing operations was KWD 0.00589 compared to basic earnings per share from continuing operations of KWD 0.00069 a year ago. Diluted loss per share from continuing operations was KWD 0.00589 compared to diluted earnings per share from continuing operations of KWD 0.00069 a year ago.
For the nine months, sales was KWD 83.42 million compared to KWD 76.5 million a year ago. Net loss was KWD 2.66 million compared to net income of KWD 8.73 million a year ago. Basic loss per share from continuing operations was KWD 0.00967 compared to basic earnings per share from continuing operations of KWD 0.03171 a year ago. Diluted loss per share from continuing operations was KWD 0.00967 compared to diluted earnings per share from continuing operations of KWD 0.03171 a year ago.