ADES Holding Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SAR 1,026.01 million compared to SAR 576.06 million a year ago. Net income was SAR 103.83 million compared to SAR 100.76 million a year ago. Basic earnings per share from continuing operations was SAR 0.12.
For the six months, sales was SAR 1,980.87 million compared to SAR 1,079.22 million a year ago. Net income was SAR 191.39 million compared to SAR 149.22 million a year ago. Basic earnings per share from continuing operations was SAR 0.37.