Middle East Specialized Cables Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SAR 229.89 million compared to SAR 200.57 million a year ago. Net income was SAR 13.56 million compared to SAR 0.253132 million a year ago. Basic earnings per share from continuing operations was SAR 0.34 compared to SAR 0.01 a year ago.
For the nine months, sales was SAR 664.37 million compared to SAR 586.3 million a year ago. Net income was SAR 38.43 million compared to net loss of SAR 11.52 million a year ago. Basic earnings per share from continuing operations was SAR 0.96 compared to basic loss per share from continuing operations of SAR 0.29 a year ago.