Ali Al-Ghanim Sons Automotive 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 69.03 million compared to KWD 49.58 million a year ago. Revenue was KWD 69.03 million compared to KWD 49.58 million a year ago. Net income was KWD 7.51 million compared to KWD 4.83 million a year ago. Basic earnings per share from continuing operations was KWD 0.02742. Basic earnings per share was KWD 0.02742 compared to KWD 0.0175 a year ago.
For the nine months, sales was KWD 195.53 million compared to KWD 137.83 million a year ago. Revenue was KWD 195.53 million compared to KWD 137.83 million a year ago. Net income was KWD 20.93 million compared to KWD 13.63 million a year ago. Basic earnings per share from continuing operations was KWD 0.07637. Basic earnings per share was KWD 0.07637 compared to KWD 0.04922 a year ago.