Arriyadh Development Co. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SAR 77.99 million compared to SAR 63.71 million a year ago. Net income was SAR 46.41 million compared to SAR 65.42 million a year ago. Basic earnings per share from continuing operations was SAR 0.26 compared to SAR 0.37 a year ago.
For the nine months, sales was SAR 216.87 million compared to SAR 188.71 million a year ago. Net income was SAR 122.07 million compared to SAR 261.73 million a year ago. Basic earnings per share from continuing operations was SAR 0.69 compared to SAR 1.47 a year ago.