Saudi Company for Hardware SACO reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SAR 231.43 million compared to SAR 251 million a year ago. Net loss was SAR 15.94 million compared to SAR 20.53 million a year ago. Basic loss per share from continuing operations was SAR 0.44 compared to SAR 0.57 a year ago.
For the six months, sales was SAR 471.7 million compared to SAR 570.5 million a year ago. Net loss was SAR 32.45 million compared to SAR 19.42 million a year ago. Basic loss per share from continuing operations was SAR 0.9 compared to SAR 0.54 a year ago.