Red Sea International Company reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SAR 89.41 million compared to SAR 119.34 million a year ago. Net loss was SAR 56.01 million compared to SAR 31.19 million a year ago. Basic loss per share from continuing operations was SAR 1.85 compared to SAR 1.03 a year ago.
For the nine months, sales was SAR 269.21 million compared to SAR 355.36 million a year ago. Net loss was SAR 122.54 million compared to SAR 93.27 million a year ago. Basic loss per share from continuing operations was SAR 4.05 compared to SAR 3.08 a year ago.