Al Arafa for Investment and Consultancies Company (S.A.E) reported earnings results for the second quarter and six months ended July 31, 2023. For the second quarter, the company reported sales was USD 54.28 million compared to USD 53.31 million a year ago. Net loss was USD 1.39 million compared to net income of USD 0.839988 million a year ago. Basic loss per share from continuing operations was USD 0.003 compared to USD 0.002 a year ago. Diluted loss per share from continuing operations was USD 0.003 compared to USD 0.002 a year ago.
For the six months, sales was USD 108 million compared to USD 110.78 million a year ago. Net loss was USD 1.47 million compared to USD 4.72 million a year ago. Basic loss per share from continuing operations was USD 0.003 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.003 compared to USD 0.01 a year ago.