East Pipes Integrated Company for Industry reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was SAR 487.25 million compared to SAR 133.25 million a year ago. Net income was SAR 47.52 million compared to net loss of SAR 18.84 million a year ago. Basic earnings per share from continuing operations was SAR 1.51 compared to basic loss per share from continuing operations of SAR 0.6 a year ago. Diluted earnings per share from continuing operations was SAR 1.51 compared to diluted loss per share from continuing operations of SAR 0.6 a year ago.
For the nine months, sales was SAR 996.35 million compared to SAR 403.75 million a year ago. Net income was SAR 62.98 million compared to net loss of SAR 17.57 million a year ago. Basic earnings per share from continuing operations was SAR 2 compared to basic loss per share from continuing operations of SAR 0.56 a year ago. Diluted earnings per share from continuing operations was SAR 2 compared to diluted loss per share from continuing operations of SAR 0.56 a year ago.