Arab Engineering Industries reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EGP 45.43 million compared to EGP 35.7 million a year ago. Net income was EGP 8.59 million compared to EGP 3.51 million a year ago. Basic earnings per share from continuing operations was EGP 0.034 compared to EGP 0.014 a year ago.
For the nine months, sales was EGP 153.86 million compared to EGP 96.48 million a year ago. Net income was EGP 39.38 million compared to EGP 10.02 million a year ago. Basic earnings per share from continuing operations was EGP 0.147 compared to EGP 0.04 a year ago.