Knowledge Economic City 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 10.68 million compared to SAR 10.15 million a year ago. Net loss was SAR 13.28 million compared to net income of SAR 4.63 million a year ago. Basic loss per share from continuing operations was SAR 0.039 compared to basic earnings per share from continuing operations of SAR 0.014 a year ago.
For the nine months, sales was SAR 62.81 million compared to SAR 39.58 million a year ago. Net loss was SAR 23.88 million compared to SAR 10.74 million a year ago. Basic loss per share from continuing operations was SAR 0.07 compared to SAR 0.032 a year ago.