Arabian Cement 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 213.71 million compared to SAR 240.57 million a year ago. Net income was SAR 29.69 million compared to SAR 58.95 million a year ago. Basic earnings per share from continuing operations was SAR 0.3 compared to SAR 0.59 a year ago. Diluted earnings per share from continuing operations was SAR 0.3 compared to SAR 0.59 a year ago.
For the nine months, sales was SAR 650.59 million compared to SAR 730.84 million a year ago. Net income was SAR 106.85 million compared to SAR 145.89 million a year ago. Basic earnings per share from continuing operations was SAR 1.07 compared to SAR 1.46 a year ago. Diluted earnings per share from continuing operations was SAR 1.07 compared to SAR 1.46 a year ago.