Gulf Union Alahlia Cooperative Insurance Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was SAR 30.76 million compared to SAR 0.38808 million a year ago. Basic earnings per share from continuing operations was SAR 0.67 compared to SAR 0.01 a year ago. Diluted earnings per share from continuing operations was SAR 0.67 compared to SAR 0.01 a year ago.
For the six months, net income was SAR 58.68 million compared to net loss of SAR 24.41 million a year ago. Basic earnings per share from continuing operations was SAR 1.28 compared to basic loss per share from continuing operations of SAR 0.79 a year ago. Diluted earnings per share from continuing operations was SAR 1.28 compared to diluted loss per share from continuing operations of SAR 0.79 a year ago.