Development Works Food 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 23.86 million compared to SAR 24.74 million a year ago. Net income was SAR 0.534932 million compared to SAR 0.442661 million a year ago. Basic earnings per share from continuing operations was SAR 0.18 compared to SAR 0.15 a year ago.
For the nine months, sales was SAR 70.74 million compared to SAR 78.77 million a year ago. Net loss was SAR 1.88 million compared to net income of SAR 1.19 million a year ago. Basic loss per share from continuing operations was SAR 0.63 compared to basic earnings per share from continuing operations of SAR 0.4 a year ago.