Al Arafa for Investment and Consultancies Company (S.A.E) reported earnings results for the third quarter and nine months ended October 31, 2023. For the third quarter, the company reported sales was USD 47.62 million compared to USD 55.12 million a year ago. Net loss was USD 1.89 million compared to net income of USD 4.91 million a year ago. Basic loss per share from continuing operations was USD 0.004 compared to basic earnings per share from continuing operations of USD 0.0106 a year ago.
For the nine months, sales was USD 155.62 million compared to USD 165.9 million a year ago. Net loss was USD 3.36 million compared to net income of USD 9.34 million a year ago. Basic loss per share from continuing operations was USD 0.007.