Middle East Specialized Cables Company reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was SAR 198.17 million compared to SAR 124.07 million a year ago. Net loss was SAR 11.84 million compared to net income of SAR 2.67 million a year ago. Basic loss per share from continuing operations was SAR 0.3 compared to basic earnings per share from continuing operations of SAR 0.07 a year ago.
For the six months, sales was SAR 385.73 million compared to SAR 235.83 million a year ago. Net loss was SAR 11.77 million compared to net income of SAR 3.52 million a year ago. Basic loss per share from continuing operations was SAR 0.29 compared to basic earnings per share from continuing operations of SAR 0.09 a year ago.