Hail Cement 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 51.53 million compared to SAR 103.28 million a year ago. Net loss was SAR 3.11 million compared to net income of SAR 7.82 million a year ago. Basic loss per share from continuing operations was SAR 0.03 compared to basic earnings per share from continuing operations of SAR 0.08 a year ago. Diluted loss per share from continuing operations was SAR 0.03 compared to diluted earnings per share from continuing operations of SAR 0.08 a year ago.
For the nine months, sales was SAR 173.16 million compared to SAR 268.22 million a year ago. Net income was SAR 21.38 million compared to net loss of SAR 5.9 million a year ago. Basic earnings per share from continuing operations was SAR 0.22 compared to basic loss per share from continuing operations of SAR 0.06 a year ago. Diluted earnings per share from continuing operations was SAR 0.22 compared to diluted loss per share from continuing operations of SAR 0.06 a year ago.