Saudi Basic Industries Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SAR 35,975.3 million compared to SAR 43,316.2 million a year ago. Net loss was SAR 2,876.36 million compared to net income of SAR 1,835.92 million a year ago. Basic earnings per share from continuing operations was SAR 0.18 compared to SAR 0.55 a year ago. Basic loss per share was SAR 0.96 compared to basic earnings per share of SAR 0.61 a year ago.
For the nine months, sales was SAR 106,505.05 million compared to SAR 143,540.81 million a year ago. Net loss was SAR 1,041.03 million compared to net income of SAR 16,237.02 million a year ago. Basic earnings per share from continuing operations was SAR 0.93 compared to SAR 5.15 a year ago. Basic loss per share was SAR 0.35 compared to basic earnings per share of SAR 5.41 a year ago.