Saudi Company for Hardware reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SAR 254.13 million compared to SAR 295.83 million a year ago. Net loss was SAR 45.87 million compared to SAR 13.87 million a year ago. Basic loss per share from continuing operations was SAR 1.27 compared to SAR 0.39 a year ago.
For the nine months, sales was SAR 824.64 million compared to SAR 957.13 million a year ago. Net loss was SAR 65.29 million compared to net income of SAR 16.2 million a year ago. Basic loss per share from continuing operations was SAR 1.81 compared to basic earnings per share from continuing operations of SAR 0.45 a year ago.