Red Sea International 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 121.88 million compared to SAR 89.41 million a year ago. Net loss was SAR 14.96 million compared to SAR 56.01 million a year ago. Basic loss per share from continuing operations was SAR 0.49 compared to SAR 1.85 a year ago.
For the nine months, sales was SAR 347.22 million compared to SAR 269.21 million a year ago. Net loss was SAR 52.67 million compared to SAR 122.54 million a year ago. Basic loss per share from continuing operations was SAR 1.74 compared to SAR 4.05 a year ago.