Al Obeikan Glass 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 93.81 million compared to SAR 129.75 million a year ago. Net income was SAR 17.69 million compared to SAR 49.26 million a year ago. Basic earnings per share from continuing operations was SAR 0.555 compared to SAR 1.5375 a year ago.
For the nine months, sales was SAR 309.97 million compared to SAR 390.29 million a year ago. Net income was SAR 71.73 million compared to SAR 154.43 million a year ago. Basic earnings per share from continuing operations was SAR 2.2425 compared to SAR 4.8225 a year ago.