Arabian Steel Pipes Manufacturing Co. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was JOD 2.84 million compared to JOD 2.66 million a year ago. Net income was JOD 0.360313 million compared to JOD 0.50107 million a year ago. Basic earnings per share from continuing operations was JOD 0.04 compared to JOD 0.056 a year ago.
For the nine months, sales was JOD 9.15 million compared to JOD 6.79 million a year ago. Net income was JOD 0.945211 million compared to JOD 0.790398 million a year ago. Basic earnings per share from continuing operations was JOD 0.105 compared to JOD 0.088 a year ago.