Arabian Drilling Company reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was SAR 863.19 million compared to SAR 919.58 million a year ago. Net income was SAR 84.81 million compared to SAR 140.04 million a year ago. Basic earnings per share from continuing operations was SAR 0.95 compared to SAR 1.57 a year ago.
For the nine months, sales was SAR 2,769.16 million compared to SAR 2,489.51 million a year ago. Net income was SAR 251.25 million compared to SAR 421.81 million a year ago. Basic earnings per share from continuing operations was SAR 2.82 compared to SAR 4.74 a year ago.