Basic Chemical Industries 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 191 million compared to SAR 172.74 million a year ago. Net loss was SAR 1.14 million compared to net income of SAR 17.79 million a year ago. Basic loss per share from continuing operations was SAR 0.04 compared to basic earnings per share from continuing operations of SAR 0.65 a year ago.
For the nine months, sales was SAR 555.9 million compared to SAR 500.04 million a year ago. Net loss was SAR 8 million compared to net income of SAR 48.23 million a year ago. Basic loss per share from continuing operations was SAR 0.29 compared to basic earnings per share from continuing operations of SAR 1.75 a year ago.