Saudi Arabia Refineries Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was SAR 7.36 million compared to negative revenue of SAR 0.39625 million a year ago. Net income was SAR 4.4 million compared to net loss of SAR 3.14 million a year ago. Basic earnings per share from continuing operations was SAR 0.29 compared to basic loss per share from continuing operations of SAR 0.21 a year ago.
For the nine months, revenue was SAR 7.35 million compared to SAR 22.12 million a year ago. Net income was SAR 2.67 million compared to SAR 17.21 million a year ago. Basic earnings per share from continuing operations was SAR 0.18 compared to SAR 1.15 a year ago.