Middle East Glass Manufacturing Company S.A.E. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EGP 1,054.4 million compared to EGP 732.17 million a year ago. Net income was EGP 231.76 million compared to EGP 77.34 million a year ago. Basic earnings per share from continuing operations was EGP 3.12 compared to EGP 1.02 a year ago. Diluted earnings per share from continuing operations was EGP 3.12 compared to EGP 0.78 a year ago.
For the nine months, sales was EGP 3,028.45 million compared to EGP 2,004.13 million a year ago. Net income was EGP 429.84 million compared to EGP 218.27 million a year ago. Basic earnings per share from continuing operations was EGP 6.28 compared to EGP 3.82 a year ago. Diluted earnings per share from continuing operations was EGP 6.28 compared to EGP 2.94 a year ago.