Gulf Cable and Electrical Industries Company - KPSC reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KWD 24.22 million compared to KWD 25.92 million a year ago. Net income was KWD 1.73 million compared to KWD 0.536167 million a year ago. Basic earnings per share from continuing operations was KWD 0.008 compared to KWD 0.003 a year ago.
For the nine months, sales was KWD 76.81 million compared to KWD 71.95 million a year ago. Net income was KWD 18.29 million compared to KWD 11.42 million a year ago. Basic earnings per share from continuing operations was KWD 0.088 compared to KWD 0.055 a year ago.