Fawaz Abdulaziz Al Hokair & 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 1,186.8 million compared to SAR 1,372.9 million a year ago. Net loss was SAR 204.1 million compared to net income of SAR 19.8 million a year ago. Basic loss per share from continuing operations was SAR 1.78 compared to basic earnings per share from continuing operations of SAR 0.17 a year ago. Diluted loss per share from continuing operations was SAR 1.78 compared to diluted earnings per share from continuing operations of SAR 0.17 a year ago.
For the nine months, sales was SAR 4,220.8 million compared to SAR 4,465.2 million a year ago. Net loss was SAR 91.8 million compared to net income of SAR 21.9 million a year ago. Basic loss per share from continuing operations was SAR 0.8 compared to basic earnings per share from continuing operations of SAR 0.19 a year ago. Diluted loss per share from continuing operations was SAR 0.8 compared to diluted earnings per share from continuing operations of SAR 0.19 a year ago.