Al-Arabiya Real Estate Company K.S.C.P. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KWD 1.99 million compared to KWD 2.23 million a year ago. Revenue was KWD 3.48 million compared to KWD 2.23 million a year ago. Net income was KWD 0.097726 million compared to net loss of KWD 0.423211 million a year ago. Basic earnings per share from continuing operations was KWD 0.00027 compared to basic loss per share from continuing operations of KWD 0.00116 a year ago.
For the nine months, sales was KWD 6.8 million compared to KWD 6.88 million a year ago. Revenue was KWD 9.45 million compared to KWD 7.21 million a year ago. Net income was KWD 1.6 million compared to net loss of KWD 0.414432 million a year ago. Basic earnings per share from continuing operations was KWD 0.00437 compared to basic loss per share from continuing operations of KWD 0.00113 a year ago.