United Electronics 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 1,318.69 million compared to SAR 1,264.81 million a year ago. Revenue was SAR 1,452.18 million compared to SAR 1,372.71 million a year ago. Net income was SAR 118.27 million compared to SAR 94.16 million a year ago. Basic earnings per share from continuing operations was SAR 1.55 compared to SAR 1.25 a year ago. Diluted earnings per share from continuing operations was SAR 1.48 compared to SAR 1.18 a year ago.
For the nine months, sales was SAR 4,256.71 million compared to SAR 4,182.28 million a year ago. Revenue was SAR 4,641.03 million compared to SAR 4,485.1 million a year ago. Net income was SAR 264.38 million compared to SAR 318.79 million a year ago. Basic earnings per share from continuing operations was SAR 3.47 compared to SAR 4.24 a year ago. Diluted earnings per share from continuing operations was SAR 3.3 compared to SAR 3.98 a year ago.