Riyadh Cables Group 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 2,080.72 million compared to SAR 1,769.3 million a year ago. Net income was SAR 132.73 million compared to SAR 92.73 million a year ago. Basic earnings per share from continuing operations was SAR 0.88 compared to SAR 0.62 a year ago.
For the nine months, sales was SAR 5,935.52 million compared to SAR 5,021.59 million a year ago. Net income was SAR 384.62 million compared to SAR 246 million a year ago. Basic earnings per share from continuing operations was SAR 2.56 compared to SAR 1.64 a year ago.