Wafrah for Industry and Development Company reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SAR 28.88 million compared to SAR 15.97 million a year ago. Net income was SAR 3.02 million compared to net loss of SAR 1.73 million a year ago. Basic earnings per share from continuing operations was SAR 0.3 compared to basic loss per share from continuing operations of SAR 0.17 a year ago.
For the nine months, sales was SAR 96.44 million compared to SAR 52.69 million a year ago. Net income was SAR 14.19 million compared to net loss of SAR 4.52 million a year ago. Basic earnings per share from continuing operations was SAR 1.43 compared to basic loss per share from continuing operations of SAR 0.46 a year ago.