Arabian Pipes 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 279.12 million compared to SAR 175.42 million a year ago. Net income was SAR 44.85 million compared to SAR 9.94 million a year ago. Basic earnings per share from continuing operations was SAR 4.48 compared to SAR 0.99 a year ago.
For the nine months, sales was SAR 774.04 million compared to SAR 305.76 million a year ago. Net income was SAR 91.42 million compared to net loss of SAR 7.52 million a year ago. Basic earnings per share from continuing operations was SAR 9.14 compared to basic loss per share from continuing operations of SAR 0.75 a year ago.