Al-Arabiya Real Estate Company K.S.C.P. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KWD 2.36 million compared to KWD 2.53 million a year ago. Revenue was KWD 3.66 million compared to KWD 2.68 million a year ago. Net income was KWD 0.694793 million compared to net loss of KWD 0.036624 million a year ago. Basic earnings per share from continuing operations was KWD 0.0019 compared to basic loss per share from continuing operations of KWD 0.0001 a year ago.
For the six months, sales was KWD 4.81 million compared to KWD 4.65 million a year ago. Revenue was KWD 7.57 million compared to KWD 4.98 million a year ago. Net income was KWD 1.5 million compared to KWD 0.008779 million a year ago. Basic earnings per share from continuing operations was KWD 0.00411 compared to KWD 0.00002 a year ago.